{"data":{"id":"us-ca/corp-28047.1","jurisdiction":"us-ca","citation":"CORP § 28047.1","heading":"","body":"“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).","path":["Corporations Code - CORP","TITLE 4. SECURITIES [25000. - 31528.]","DIVISION 3. CAPITAL ACCESS COMPANIES [28000. - 28958.]","CHAPTER 1. General Provisions [28000. - 28049.]","ARTICLE 2. Definitions [28030. - 28049.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"8252b4724e7289698455b7a9590a81cf1b396dce5affaeeb2c80969ca4b0c6a8","source_id":"us-ca","stale":false,"prev":"us-ca/corp-28047","next":"us-ca/corp-28048"},"notice":"GroundRules: Original legal text. Not legal advice."}