| A | B |
|---|
| Contracting without a license is? | A misdemeanor offense |
| 1st offense | he may recieve a citation from the registrar for at least $200 and no more than $15,000 and may be waived if the contractor recieves a license within a prescribed time. |
| 2nd offense | he may be found guilty of a federal offense, which is punishable buy at least 20% of the contract price or $4,500, whichever is greater and imprisonment in county jail for a minimum of 90 days. |
| A licensed contrator who aids an unlicensed person is subject to? | a $15,000 citation from the registrar. |
| Cities and counties that issue building Permits or licenses are required to? | Check if the applicant is licensed or exempt from the law. |
| The three types of business for when you have obtained a license are? | Individual, Partnership, and a corporation. |
| Idividual | in which one individual owns 100% of the equity of the business. |
| Partnership | in which the ownership of the business is shared by two or more individuals. |
| Corporation | must be filed with the Secretary of State's office, shall be governed by officers, and will be owned by two or more shareholders. |
| The Owner | The person who will own 100% of an idivdual license |
| The qualifying Partner | is any partner in a business that will be licensed as a partnership. |
| The RMO | is an officer of a corporation who shows the required work experiance and passes the exam. |
| The RME | is a full time empoyee, permanent empoyee of the licensee who shows the required work experiance and passes the exam. |
