If someone owns a few rental properties and a few small business, are they considered "Self Employed" or and "Entrepreneur"?
- Anonymous7 months agoFavorite Answer
They are self-employed if they own the business and receive earned income from the business. Rental income is not earned income. Receiving salary or wages to perform property management duties is earned income.
Yes, a business owner is an entrepreneur.
Owning a property and renting it out may or may not be a business. It depends on how it's set up.
- JayLv 67 months ago
Yes, they are actually both.
- JudyLv 77 months ago
An entrepreneur IS self employed.
- yLv 77 months ago
Yes, they would be.
- What do you think of the answers? You can sign in to give your opinion on the answer.
- 7 months ago
Probably both, assuming they started the businesses.