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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Amended.html

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BILL NUMBER: AB 674	AMENDED
	BILL TEXT

	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, as amended, 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  microenterprises   a
microenterprise  from  a  small  businesses
  business  or  microbusinesses 
 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  conventional  loans, equity, or other
 banking services   financial capital  .
The bill would delete those provisions expressly distinguishing
 microenterprises   a microenterprise  from
 a  small  businesses   business 
or  microbusinesses   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  microbusiness  
microenterprise  seeking to expand its current business.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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  all   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  conventional
 loans, equity, or other  banking services 
 financial capit   al  .
   (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
 microbusiness   microenterprise  seeking
to expand its current business.