Personal business is any activity or matter that a person believes to be private. These activities might involve side occupations or small-scale enterprises pursued by individuals in order to earn an extra income. This is often a good idea, since it promotes the balance between work and life and allows people to pursue interests that are not professional pursuits. It could also be related to family or personal obligations like childcare or elder care.
The legal definition differs from one privacy law to the next, but the basic concept is the same: Any information that identifies a particular person or household member is personal. This could include basic details like names to more detailed information like geolocation tags or biometric data. Businesses need to understand personal information to ensure they are compliant with all applicable laws.
Data must be able to be tied to a specific person to be regarded as personal. It’s important for businesses to be clear on the purposes for collecting this data and get consent prior to doing so. They should restrict the amount and type of data collected, and keep it only as long as necessary.
In the United States a personal business is a company that is run and controlled by a person rather than when it’s incorporated or a partnership. It means that the personal assets of the owners are used to recover any liabilities or debts. This is not the best option for small businesses with limited resources.