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This question is about business professional.
Business formal is traditionally a step more conservative and dressier than business professional.This can also be referred to as boardroom attire. It's the highest level of professional dress and quite often is used to impress or show respect to clients when in meetings.
For men, it absolutely means a suit with a tie. You might even want to include a vest to round out that three-piece suit look. Neutral colors and the more somber dark tones tend to go well.
For women, a suit is still preferred, but you can wear your suit with pants or a skirt. Plan to wear nylons or tights if you choose a skirt suit. Dark colors are, again, a better choice, and a very subtle matching shoe is preferred. A blouse or shirt in a light color is usually best and it needs to be tucked in.
Choose your accessories carefully, so they're not too noticeable or distracting.

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