Cal. Corporations Code § 28047.1

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

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Citation: Cal. Corporations Code § 28047.1, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/793470
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“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).