{"code":"CORP","codeName":"Corporations Code","section":"28047","citation":"Corp. Code, § 28047","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 4. SECURITIES [25000. - 31528.]","url":"https://blackletter.si/corporations-code/title-4"},{"name":"DIVISION 3. CAPITAL ACCESS COMPANIES [28000. - 28958.]","url":"https://blackletter.si/corporations-code/title-4/division-3"},{"name":"CHAPTER 1. General Provisions [28000. - 28049.]","url":"https://blackletter.si/corporations-code/title-4/division-3/chapter-1"},{"name":"ARTICLE 2. Definitions [28030. - 28049.]","url":"https://blackletter.si/corporations-code/title-4/division-3/chapter-1/article-2"}],"history":"Amended by Stats. 2010, Ch. 516, Sec. 2.   (SB 1155)   Effective January 1, 2011.","effective":"2011-01-01","html":"<p>“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).</p>","text":"“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).","otherVersions":[],"url":"https://blackletter.si/corporations-code/definitions-28047","source":"California Legislative Information bulk export (pubinfo)"}