Cal. Corporations Code § 28047

California · California Corporations Code · Status: effective · Effective 2011-01-01

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Citation: Cal. Corporations Code § 28047, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/793469
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“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).