NRS 76.020 “Business” defined.

280 words·~1 min read·/nv/chapter-76-state-business-licenses/76-020·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. Except as otherwise provided in subsection 2, “business” means:

(a)Any person, except a natural person, that performs a service or engages in a trade for profit;

(b)Any natural person who performs a service or engages in a trade for profit if the person is required to file with the Internal Revenue Service a Schedule C (Form 1040), Profit or Loss From Business Form, or its equivalent or successor form, a Schedule E (Form 1040), Supplemental Income and Loss Form, or its equivalent or successor form, or a Schedule F (Form 1040), Profit or Loss From Farming Form, or its equivalent or successor form, for that activity; or

(c)Any entity organized pursuant to this title, including, without limitation, those entities required to file with the Secretary of State, whether or not the entity performs a service or engages in a business for profit.

2. The term does not include:

(a)A governmental entity.

(b)A nonprofit religious, charitable, fraternal or other organization that qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501(c).

(c)A person who operates a business from his or her home and whose net earnings from that business are not more than 66 2/3 percent of the average annual wage, as computed for the preceding calendar year pursuant to chapter 612 of NRS and rounded to the nearest hundred dollars.

(d)A natural person whose sole business is the rental of four or fewer dwelling units to others.

(e)A business organized pursuant to chapter 82 or 84 of NRS.

(f)A business organized pursuant to chapter 81 of NRS if the business is a nonprofit unit-owners’ association.