Bill Text: CA AB674 | 2013-2014 | Regular Session | Chaptered

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Bill Title: Microenterprise.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Passed) 2014-07-09 - Chaptered by Secretary of State - Chapter 101, Statutes of 2014. [AB674 Detail]

Download: California-2013-AB674-Chaptered.html

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BILL NUMBER: AB 674	CHAPTERED
	BILL TEXT

	CHAPTER  101
	FILED WITH SECRETARY OF STATE  JULY 9, 2014
	APPROVED BY GOVERNOR  JULY 9, 2014
	PASSED THE SENATE  JUNE 26, 2014
	PASSED THE ASSEMBLY  JANUARY 21, 2014
	AMENDED IN ASSEMBLY  JANUARY 14, 2014
	AMENDED IN ASSEMBLY  JANUARY 6, 2014
	AMENDED IN ASSEMBLY  MARCH 19, 2013

INTRODUCED BY   Assembly Member Quirk-Silva
   (Principal coauthor: Assembly Member Brown)
   (Coauthors: Assembly Members Daly, Fox, and Medina)

                        FEBRUARY 21, 2013

   An act to amend Section 18000 of the Business and Professions
Code, relating to small business regulations.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 674, Quirk-Silva. Microenterprise.
   Existing law defines microenterprise as a sole proprietorship,
partnership, or corporation that has fewer than 5 employees,
including the owner, and generally lacks access to conventional
loans, equity, or other banking services, as provided. Existing law
distinguishes a microenterprise from a small business or
microbusiness. Existing law encourages specified local agencies to
access, include, and promote local partnerships that invest in
microenterprise development, as provided. Existing law defines a
"microenterprise development provider" to mean a nonprofit or public
agency that provides self-employment training, technical assistance,
and access to microloans to individuals seeking to become
self-employed or to expand their current business.
   This bill would modify the definition of microenterprise to also
include a limited liability company, increase the number of employees
to 5 or fewer, and require that the entity generally lack sufficient
access to loans, equity, or other financial capital. The bill would
delete those provisions expressly distinguishing a microenterprise
from a small business or microbusiness. The bill would modify the
definition of microenterprise development provider to also include a
nonprofit organization or public agency that provides self-employment
training, technical assistance, and access to microloans to a
microenterprise seeking to expand its current business.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 18000 of the Business and Professions Code is
amended to read:
   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.