BUSINESS STARTS INDEX

A compilation of statistics published by Dun & Bradstreet that reports the number of businesses

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BUSINESS STRUCTURE

A legally recognized organizational framework for conducting business in Canada including, but not limited to, a sole proprietorship, general or limited partnership or corporation.

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BUSINESS SYSTEM

A combination of people and automated applications organized to meet a particular set of business objectives.

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BUSINESS RECOVERY PLANNING (BRP)

This is another part of the business continuity planning executed if a disaster should occur. The whole goal of the planning is to make sure the business will recover at an equal or greater position before the disaster.

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BUSINESS TAX

Many countries impose corporate tax or company tax on the income or capital of some types of legal entities. A similar tax may be imposed at state or lower levels. The taxes may also be referred to as income tax or capital tax. Entities treated as partnerships are generally not taxed at the entity level. Most countries tax all corporations doing business in the country on income from that country. Many countries tax all income of corporations organized in the country.

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BUSINESS RECOVERY RISK

The RISK of loss arising from a temporary disruption in business activities due to lack of accessibility to physical infrastructure. Business recovery risk is typically firm, business or productspecific and generally not as damaging as DISASTER RECOVERY RISK. Business recovery losses can be protected through specific BUSINESS INTERRUPTION INSURANCE. A subcategory of PROCESS RISK.

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BUSINESS TRANSACTION

When a transaction is made over an item or between two firms or businesses.

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BUSINESS REPLY MAIL (BRM)

Freepost is a postal service provided by various postal administrations, whereby a person sends mail without affixing postage, and the recipient pays the postage when collecting the mail. Freepost differs from self-addressed stamped envelopes, courtesy reply mail, and metered reply mail in that the recipient of the freepost pays only for those items that are actually received, rather than for all that are distributed.

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BUSINESS TRUST

A legal trust set up for the purposes of business, but not necessarily one that is operated in The Commonwealth of Massachusetts. They may also be referred to as an unincorporated business organization or UBO.

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BUSINESS RESOURCES

Anything and everything that helps a company operate and do business.

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