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

   1. (a) Any person, except a natural person, that performs a service or engages in a trade for profit;
   2. (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
   3. (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. 2. The term does not include:

   1. (a) A governmental entity.
   2. (b) A nonprofit religious, charitable, fraternal or other organization that qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501(c).
   3. (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.
   4. (d) A natural person whose sole business is the rental of four or fewer dwelling units to others.
   5. (e) A business organized pursuant to chapter 82 or 84 of NRS.
   6. (f) A business organized pursuant to chapter 81 of NRS if the business is a nonprofit unit-owners’ association.

(Added to NRS by 2009, 2028; A 2015, 1274; 2017, 141, 2189)