To determine if your activities constitute a business, we consider these factors:

• Profit Motive: Do you intend to make a profit?
• Regularity: Are your activities consistent and ongoing?
• Business Practices: Do you operate like other businesses in your field?
• Organization: Are your activities structured and systematic?
• Records: Do you keep records of your activities?
• Scale: Are your activities of a reasonable size?
• Planning: Do you have a business plan?
• Expertise: Do you have relevant knowledge or skills?

Remember: Not all indicators need to be present, but your activities should meet several of them.