Personal business refers to any activity or matter that a person believes to be private. These could involve side work or small-scale businesses pursued by individuals looking to earn additional income. This is a good thing because it promotes a work-life balance, and allows people to pursue their interests outside of their professional responsibilities. It can also relate to the family or individual responsibilities for eldercare or childcare.
The legal definition varies from one privacy law to another however the fundamental idea is the same: All information that can identify a person or household is considered personal. This can include basic information such as names or more complicated data like biometrics and geolocation tags. It is crucial for businesses to understand the importance of personal information so they can implement safe procedures that conform to all applicable laws.
Data must be able to be linked to a specific person for it to be considered as personal. Businesses must be transparent about their intentions when collecting information and obtain consent prior to making any decisions. They should restrict the amount and types of data collected, and only keep it for as long as necessary.
In the United States a personal business is a type of business run by a person, not if it’s incorporated or a partnership. This means the owners’ personal assets can be used to recover liability and debts and this isn’t always the beneficial option for small-scale businesses that are operating with limited resources.
