What is Meant by Nature of Business
Nature of Business - The General Nature of Business is a concise unambiguious statement that describes what the Business intends to do.
A good example of a nature of business would be something like "Sale of homemade hair products and clothing."
Another example could be "Makeup, brow and lash application studio."
The nature of the Business is a concise, specific one-liner that describes what the Business does.
It must match the Business activity.
Some good examples are "POULTRY FARM," "VARIETY AND STATIONERY STORE,"
"PRODUCTION AND SALE OF SEASONED MEAT," "ONLINE CLOTHING STORE" etc.