Business is the activity of making one’s living or making money by producing or buying and selling goods or services. Simply put, it is any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.The term is also often used colloquially but not by lawyers or public officials to refer to a company, but this article will not deal with that sense of the word.

Sole proprietorship: A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner operates the business alone and may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgments against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment, or retail fixtures, as well as any real property owned by the sole proprietor.
Partnership: A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three most prevalent types of for-profit partnerships are: general partnerships, limited partnerships, and limited liability partnerships.

Corporation: The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned. They can organize either for profit or as nonprofit organizations. A privately owned, for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff. A privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly held, with publicly traded shares listed on a stock exchange.

Cooperative: Often referred to as a “co-op”, a cooperative is a limited-liability business that can organize as for-profit or not-for-profit. A cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy.

Limited liability companies (LLC), limited liability partnerships, and other specific types of business organization protect their owners or shareholders from business failure by doing business under a separate legal entity with certain legal protections. In contrast, unincorporated businesses or persons working on their own are usually not as protected. United States is widespread and is a major economic powerhouse. One out of twelve retail businesses in the United States are franchised and 8 million people are employed in a franchised business.

A company limited by guarantee. Commonly used where companies are formed for noncommercial purposes, such as clubs or charities. The members guarantee the payment of certain (usually nominal) amounts if the company goes into insolvent liquidation, but otherwise, they have no economic rights in relation to the company. This type of company is common in England. A company limited by guarantee may be with or without having share capital.

A holiday is a day set aside by custom or by law on which normal activities, especially business or work including school, are suspended or reduced. Generally, holidays are intended to allow individuals to celebrate or commemorate an event or tradition of cultural or religious significance. Holidays may be designated by governments, religious institutions, or other groups or organizations. The degree to which normal activities are reduced by a holiday may depend on local laws, customs, the type of job being held or personal choices.

The concept of holidays often originated in connection with religious observances. The intention of a holiday was typically to allow individuals to tend to religious duties associated with important dates on the calendar. In most modern societies, however, holidays serve as much of a recreational function as any other weekend days or activities.

In many societies there are important distinctions between holidays designated by governments and holidays designated by religious institutions. For example, in many predominantly Christian nations, government-designed holidays may center on Christian holidays, though non-Christians may instead observe religious holidays associated with their faith. In some cases, a holiday may only be nominally observed. For example, many Jews in the Americas and Europe treat the relatively minor Jewish holiday of Hanukkah as a «working holiday», changing very little of their daily routines for this day.

The word holiday has differing connotations in different regions. In the United States the word is used exclusively to refer to the nationally, religiously or culturally observed day(s) of rest or celebration, or the events themselves, whereas in the United Kingdom and other Commonwealth nations, the word may refer to the period of time where leave from one’s duties has been agreed, and is used as a synonym to the US preferred vacation. This time is usually set aside for rest, travel or the participation in recreational activities, with entire industries targeted to coincide or enhance these experiences. The days of leave may not coincide with any specific customs or laws. Employers and educational institutes may designate ‘holidays’ themselves which may or may not overlap nationally or culturally relevant dates, which again comes under this connotation, but it is the first implication detailed that this article is concerned with.

The word holiday comes from the Old English word hāligdæg .The word originally referred only to special religious days. In modern use, it means any special day of rest or relaxation, as opposed to normal days away from work or school.
Winter in the Northern Hemisphere features many holidays that involve festivals and feasts. The Christmas and holiday season surrounds the Christmas and other holidays, and is celebrated by many religions and cultures. Usually, this period begins near the start of November and ends with New Year’s Day. Holiday season in the US, to the period that begins with Thanksgiving and ends with New Year’s Eve. Some Christian countries consider the end of the festive season to be after the feast of Epiphany.

Sovereign nations and territories observe holidays based on events of significance to their history. For example, Americans celebrate Independence Day, celebrating the signing of the Declaration of Independence in 1776.

Other secular (non-religious) holidays are observed nationally, internationally (often in conjunction with organizations such as the United Nations), and across multi-country regions. The United Nations Calendar of Observances dedicates decades to a specific topic, but also a complete year, month, week and days. Holidays dedicated to an observance s.a. the commemoration of the ending of World War II, or the Shoah, can also be part of the reparation obligation as per UN OHCHR Basic Principles and Guidelines on the Right to a Remedy and Reparation for Victims of Gross Violations of International Human Rights Law and Serious Violations of International Humanitarian Law.