Definition
A family-operated activity is any economic activity, business or enterprise whether in agricultural or in non-agricultural enterprises, engaged in by any member of the family as an operator or self-employed.
Included, as family-operated activities, are those that are operated as single proprietorship or loose partnership (without formal organization). Thus partnerships, corporations and associations, which are formally organized and registered with the Securities and Exchange Commission (SEC) are excluded.
If a family member was engaged as operator of an entrepreneurial activity, any other related activity done casually or mainly for home consumption only, will be reported under entrepreneurial activity.
However, if the farmer can be classified as an operator in crop farming and livestock and poultry, then both sections IV-A1 and A2 should be filled up. Likewise, if the farmer qualifies as an operator in Fishing, Section IV-A3 should be filled up.
An activity that is already reported in Family Sustenance Activity (III-F) should never be reported again in any section of Entrepreneurial Activities (Part IV), or vice versa.
If the family has no other source of income (Part III Sections A, B and C are blank) except an activity which conceptually is classified as a family sustenance activity, then it should be reported as an entrepreneurial activity in Part IV.
