Unitary Business Law and Legal Definition
Unitary business refers to business activities or operations, which are of mutual benefit, dependent upon, or contributory to one another, individually or as a group. It is characterized by unity of ownership, functional integration, centralization of management and economies of scale. The term can be applied within a single legal entity or between multiple entities and without regard to whether each entity is a corporation, a partnership or a trust.
In Amoco Corp. v. Comm'r of Revenue, 658 N.W.2d 859, 865 (Minn. 2003), the court held that a business is unitary when the operation of the business within the state is dependent upon or contributory to the operation of the business outside the state.
Legal Definition list
Related Legal Terms
- Affected Item of Business
- Affiliated Business Arrangement
- Alternative Fuels Business
- Awarding Agency [Business Credit and Assistance]
- Base Closure Area [Small Business Administration]
- Better Business Bureaus
- Bill of Sale (Business)
- Branch or Additional Business Facility [Agricultural Marketing Service]
- Bureau of Economic, Energy, and Business Affairs [EEB] [Department of State]