Am I an enterprise if I rented out the original house and land for 5 years and then decided to subdivide, build duplexes (2 dwellings), and sell while they are still considered new dwellings (less than 5 years)?
Definition of an enterprise.
Any activity commercial in nature is an enterprise. Constructing and selling new residential property for profit would be considered an enterprise.
Definition of an enterprise.
Any activity commercial in nature is an enterprise. Constructing and selling new residential property for profit would be considered an enterprise.
15 Apr 2026 · 4 min read time
22 Apr 2024 · 6 min read time
15 Apr 2026 · 4 min read time
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