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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - California Code, Business and Professions Code - BPC § 18000 - last updated January 01, 2025 | https://codes.findlaw.com/ca/business-and-professions-code/bpc-sect-18000/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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