“Small business firm” means a person that proposes to transact, or transacts, business on a regular and continuous basis in California and, together with its affiliates, has a net worth of not more than eighteen million dollars ($18,000,000) and average net income after federal income taxes, excluding any carryover losses, for the preceding two years no greater than six million dollars ($6,000,000).
Cal. Corp. Code § 28047
Definitions
Known as the Capital Access Company Law
The act spans §§ 28000 to 28958 (104 sections).
Amended by Stats. 2010, Ch. 516, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.