Physical premises are not the test. The enterprise must be real, active and operating, producing goods or services commercially, and it must be more than marginal. A store with signed supplier agreements, live sales channels, working capital spent and an owner directing operations can be described in those terms; a domain name and a bank balance alone cannot.
Write the operations down before writing the plan
List the products, the channels they sell through, the parties that store and ship them, and the payment processors that hold the money. Then say which of those relationships is contracted today and which is still an intention. That division decides what an application could evidence now, and it usually produces a short list of agreements worth signing first.
It also shows whether the owner truly directs the business or simply owns a share of it. List the products, the channels they sell through, the parties that store and ship them, and the processors that hold the money, then mark which of those relationships is contracted today and which is still an intention. That division decides what an application could evidence now, and it usually produces a short list of agreements worth signing first.
It also shows whether the owner genuinely directs the business or merely owns a share of it. Physical premises are not the test: the enterprise must be real, active, and operating, producing goods or services commercially, and it must be more than marginal. A domain name and a bank balance alone cannot be described in those terms.