89 Carrying on businessThe Insolvency Act 1986 states that the reference to an individual carrying on business includes1:89.1 the carrying on of business by a firm or partnership of which the individual is a member; and89.2 the carrying on of business by an agent or manager for the individual or for such a firm or partnership.In order to be carrying on business, the relevant activity must have some continuity and involve some degree of management and control2. An isolated transaction would not, ordinarily, suffice. A person continues
The Insolvency Act 1986 states that the reference to an individual carrying on business includes1:
the carrying on of business by a firm or partnership of which the individual is a member; and
the carrying on of business by an agent or manager for the individual or for such a firm or partnership.
In order to be carrying on business, the relevant activity must have some continuity and involve some degree of management and control2. An isolated transaction would not, ordinarily, suffice. A person continues
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234