Section 460IAC14-13-1. Definitions

   The following definitions apply throughout this rule:

(1) "Initial start-up costs" means those costs that are necessary to establish a business, initiate its business operations, and sustain such operations throughout a start-up period until the business is stable and self-supporting.

(2) "Ongoing operating costs" means the costs of continuing business operations after termination of the start-up period.

(3) "Small business operation" means an employment outcome consisting of the practice of a profession, trade, craft, or other skill performed in a business setting:

(A) that:

(i) is an independently owned and operated business;

(ii) is the eligible individual's primary employment and primary source of earned income;

(iii) markets its products or services to customers; and

(iv) is determined to have a reasonable potential for becoming a successful self-sustaining business; and

(B) in which the individual is:

(i) a full or part owner of the business; and

(ii) directly engaged in and responsible for the ongoing management or management and daily operation of the business.

(4) "Start-up period" means the period of time required to establish the business and fund business operations from the date on which actual business operations begin until the earliest of the ending date specified by the individualized plan for employment or the date on which the revenues generated by the business equal or exceed the ongoing operating costs of the business for the third consecutive month.

(Division of Disability and Rehabilitative Services; 460 IAC 14-13-1; filed Jul 13, 2015, 4:09 p.m.: 20150812-IR-460140507FRA)