California Codes, Business and Professions Code - BPC, Division 7 — General Business Regulations, Part 4 — Microenterprises, Section 18000

(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.

(b) For purposes of this part, “microenterprise development provider” means a nonprofit organization or public agency that provides self-employment training, technical assistance, and access to microloans to individuals seeking to become self-employed or to a microenterprise seeking to expand its current business.

Notes

Defines microenterprise as a sole proprietorship, partnership, LLC, or corporation with five or fewer employees, including the owner and part- or full-time workers, that generally lacks sufficient access to loans, equity, or other capital. Defines microenterprise development provider as a nonprofit or public agency providing self-employment training, technical assistance, and microloan access to prospective or expanding microenterprises.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 18000 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-7/part-4/section-18000

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