Common Business Purpose Law and Legal Definition
Common business purpose is related to activity done by two or more associated businesses. If one of the businesses comes within the jurisdiction of the Fair Labor Standards Act, then any other business that shares a common business purpose will also automatically come under the FLSA.
Legal Definition list
Related Legal Terms
- Affected Item of Business
- Affiliated Business Arrangement
- Agribusiness
- All-Purpose Public Figure
- Alternative Fuels Business
- Authority to Request Records for a Law Enforcement Purpose
- Awarding Agency [Business Credit and Assistance]
- Base Closure Area [Small Business Administration]
- Better Business Bureaus
- Bill of Sale (Business)
