§ 17029
60 words·~1 min read·
/ca/business-and-professions-code/17029·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Cost of doing business” or “overhead expense” means all costs of doing business incurred in the conduct of the business and shall include without limitation the following items of expense: labor (including salaries of executives and officers), rent, interest on borrowed capital, depreciation, selling cost, maintenance of equipment, delivery costs, credit losses, all types of licenses, taxes, insurance and advertising.