Statute · California Corporations Code
Cal. Corp. Code § 28047.1 — Definitions
Cal. Corp. Code § 28047.1
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Date
- 2011-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Smaller 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 six million dollars ($6,000,000), and average net income after federal income taxes,…
Citator
Cal. Corp. Code § 28047.1 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“Smaller 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 six million dollars ($6,000,000), and average net income after federal income taxes, excluding any carryover losses, for the preceding two years no greater than two million dollars ($2,000,000).