Personal business is any type of activity or subject matter that an individual believes to be private. These could be small-scale businesses or side jobs that people pursue to earn an extra income. This is usually a good thing, as it promotes working-life balance and allows individuals to pursue passions outside of professional pursuits. This could also be related to family or personal responsibilities like childcare or eldercare.
The legal definition of personal data differs from one data privacy law to the next, but the fundamental concept is consistent: Any information that can identify a household member or a person is considered to be personal in nature. This includes basic information such as names or more complicated data like biometrics and geolocation tags. Businesses must be aware of personal information to ensure they adhere to all applicable laws.
For any information to be considered to be personal it must be easily tied to a specific person. Businesses must be transparent about their motives for collecting data and get consent prior to doing so. Businesses should limit the type and amount of information they collect, and only keep it as long as is necessary.
In the United States a personal business is a company that is run by a person rather than the case of a partnership. It means that the personal assets of owners are used to repay obligations or debts. This is not always a good idea for small companies that have limited resources.
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