Business Income definition: Copy, customize, and use instantly
Introduction
The term "Business Income" refers to the revenue generated from a business’s operations, investments, or other sources. It is essential for determining profitability, tax obligations, and financial stability. Business income can take various forms, including gross revenue, net profit, or income from specific activities such as consulting, rentals, or licensing.
Below are various examples of how "Business Income" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Business Income" as gross revenue
This definition ties "Business Income" to the total revenue generated before deductions.
"Business Income" means the total gross revenue derived from the sale of goods or services before the deduction of expenses.
Definition of "Business Income" as net profit
This definition connects "Business Income" to the profit remaining after expenses.
"Business Income" refers to the net profit of a business after deducting all operating costs, taxes, and other expenses.
Definition of "Business Income" as operating income
This definition links "Business Income" to the earnings generated from core business operations.
"Business Income" means the revenue earned from the principal operations of a business, excluding extraordinary gains and losses.
Definition of "Business Income" as taxable income
This definition applies "Business Income" to the amount subject to taxation.
"Business Income" refers to the taxable earnings of a business entity, calculated in accordance with applicable tax laws.
Definition of "Business Income" as income from commercial activities
This definition ties "Business Income" to earnings from regular commercial transactions.
"Business Income" means the total revenue generated from the sale of products or services in the ordinary course of business.
Definition of "Business Income" as compensation from professional services
This definition connects "Business Income" to earnings from professional work.
"Business Income" refers to the compensation received for professional services rendered, including consulting and advisory fees.
Definition of "Business Income" as adjusted gross income for a business
This definition links "Business Income" to the adjusted earnings of a company.
"Business Income" means the total revenue minus allowable business deductions, depreciation, and other adjustments under applicable accounting standards.
Definition of "Business Income" as franchise earnings
This definition applies "Business Income" to revenue from franchise operations.
"Business Income" refers to the revenue generated from franchise fees, royalties, and operational profits of a franchised business.
Definition of "Business Income" as rental income
This definition ties "Business Income" to earnings from leased properties.
"Business Income" means the revenue derived from renting or leasing commercial properties, including any associated service fees.
Definition of "Business Income" as partnership distributions
This definition connects "Business Income" to the earnings allocated to business partners.
"Business Income" refers to the distributable share of earnings received by partners in a partnership or limited liability company.
Definition of "Business Income" as investment gains
This definition links "Business Income" to profits from business investments.
"Business Income" means the financial gains realized from investment activities, including dividends, interest, and capital gains.
Definition of "Business Income" as business interruption compensation
This definition applies "Business Income" to insured earnings in case of interruptions.
"Business Income" refers to the amount recoverable under business interruption insurance to compensate for lost revenue due to unforeseen disruptions.
Definition of "Business Income" as passive income streams
This definition ties "Business Income" to earnings generated with minimal active involvement.
"Business Income" means revenue from passive sources such as royalties, affiliate marketing, and automated online sales.
Definition of "Business Income" as e-commerce revenue
This definition connects "Business Income" to digital business earnings.
"Business Income" refers to the revenue derived from online sales, digital products, and internet-based services.
Definition of "Business Income" as subscription-based earnings
This definition links "Business Income" to revenue from recurring subscriptions.
"Business Income" means the recurring revenue generated from subscription-based services, including membership fees and software-as-a-service models.
Definition of "Business Income" as government contract payments
This definition applies "Business Income" to earnings from government contracts.
"Business Income" refers to revenue earned through contracts with government agencies, including public infrastructure and defense projects.
Definition of "Business Income" as affiliate marketing revenue
This definition ties "Business Income" to earnings from promotional partnerships.
"Business Income" means the commissions and fees earned through affiliate marketing and referral programs.
Definition of "Business Income" as corporate dividends
This definition connects "Business Income" to earnings from ownership in other companies.
"Business Income" refers to the dividends received from equity holdings in publicly traded or private corporations.
Definition of "Business Income" as intellectual property royalties
This definition links "Business Income" to earnings from intellectual property rights.
"Business Income" means the revenue generated from licensing patents, trademarks, copyrights, or trade secrets.
Definition of "Business Income" as service contract revenue
This definition applies "Business Income" to income derived from contractual services.
"Business Income" refers to the payments received for ongoing service contracts, including maintenance and support agreements.
Definition of "Business Income" as manufacturing revenue
This definition ties "Business Income" to earnings from production activities.
"Business Income" means the total revenue generated from the production and sale of manufactured goods.
Definition of "Business Income" as wholesale distribution earnings
This definition connects "Business Income" to revenue from wholesale sales.
"Business Income" refers to the earnings from distributing goods to retailers, wholesalers, and bulk buyers.
Definition of "Business Income" as advertising revenue
This definition links "Business Income" to earnings from media advertisements.
"Business Income" means the revenue derived from advertising placements, sponsorships, and promotional partnerships.
Definition of "Business Income" as transportation and logistics revenue
This definition applies "Business Income" to earnings from shipping and logistics.
"Business Income" means the revenue derived from freight, shipping, and logistics services.
Definition of "Business Income" as software licensing revenue
This definition ties "Business Income" to income from software sales and licenses.
"Business Income" refers to the revenue generated from licensing proprietary software, including one-time and subscription-based licenses.
Definition of "Business Income" as healthcare service earnings
This definition connects "Business Income" to revenue in the healthcare industry.
"Business Income" means the earnings derived from medical services, hospital operations, and healthcare consultations.
Definition of "Business Income" as freelance and contract work earnings
This definition applies "Business Income" to self-employment revenue.
"Business Income" refers to the compensation earned through freelance, contract, and gig-based work.
Definition of "Business Income" as agriculture and farming revenue
This definition ties "Business Income" to earnings from agricultural activities.
"Business Income" means the revenue derived from farming, livestock, and agribusiness operations.
Definition of "Business Income" as retail sales revenue
This definition connects "Business Income" to earnings from retail operations.
"Business Income" refers to the revenue generated from selling goods directly to consumers in physical or online stores.
Definition of "Business Income" as consulting service fees
This definition links "Business Income" to earnings from professional consulting.
"Business Income" means the fees received for providing expert advisory and consulting services.
Definition of "Business Income" as educational services revenue
This definition applies "Business Income" to revenue from educational institutions.
"Business Income" refers to the tuition, training fees, and other earnings from educational programs and institutions.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.