California Business and Professions Code

§ 18000

BPC § 18000 Effective Jan 1, 2015Div. 7 · Part 4

Statute text

(a)For purposes of this part, “microenterprise” means a sole proprietorship, partnership, limited liability company, or corporation that meets both of the following requirements:

(1)Has five or fewer employees, including the owner, who may be part time or full time.

(2)Generally lacks sufficient access to loans, equity, or other financial capital.

…

Legislative history

Amended by Stats. 2014, Ch. 101, Sec. 1. (AB 674) Effective January 1, 2015.