{"data":{"id":"us-nv/nrs-76.020","jurisdiction":"us-nv","citation":"NRS 76.020","heading":"“Business” defined.","body":"1. Except as otherwise provided in subsection 2, “business” means:\n(a) Any person, except a natural person, that performs a service or engages in a trade for profit;\n(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\n(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.\n2. The term does not include:\n(a) A governmental entity.\n(b) A nonprofit religious, charitable, fraternal or other organization that qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501(c).\n(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.\n(d) A natural person whose sole business is the rental of four or fewer dwelling units to others.\n(e) A business organized pursuant to chapter 82 or 84 of NRS.\n(f) A business organized pursuant to chapter 81 of NRS if the business is a nonprofit unit-owners’ association.","path":["TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES","CHAPTER 76 - STATE BUSINESS LICENSES"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-076.html#NRS076Sec020","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"8d63795b658dd11011fa22bf542efedfb235c69c41ee00133fc7218d02ff7d37","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-76.010","next":"us-nv/nrs-76.030"},"notice":"GroundRules: Original legal text. Not legal advice."}