Examlex
When property is contributed to a partnership,the partnership's basis in the property is the same as that of the transferor partner even if gain is recognized on the transfer.
Entrepreneurial Hobby
An activity or interest pursued outside one's regular occupation that involves creating or managing ventures with a growth and profit potential.
B2B
Business-to-business, a type of transaction between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and retailer.
Small Business Sector
The segment of the economy composed of independently owned companies that have fewer employees and lower revenue than larger corporations.
Traditional Distributor
A business that purchases products from manufacturers and sells them to retailers or end consumers, typically without significant alteration.
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