- A contractor’s license gives your company the right to make money in the construction industry. It’s not an option, it’s the law.
- Bidding work without a license is not legal. Your business can be subject to fines, penalties and lost income. Subbing the work out does not make it legal either.
- A contractor’s license is more than a certificate to hang on the wall. Your license is tied to your business entity, so it should grow and change with your business.
- A contractor’s license is an investment in your business and your future. Getting the most out of it requires proper perspective and insight into your business life cycle.
- Contractor’s licenses add value to your business, create income security, consumer confidence and create good will with your peers in the industry.
- Many people use their qualifications even after shutting down their businesses by serving as a Qualifying Individual to make money or by passing on knowledge to the next generation.
- Most people think of taking an exam when getting licensed, but exams are the easy part. Understanding the license regulations and applying them to your business goals is the key.
- Being properly licensed requires planning. Staying properly licensed requires regular professional maintenance, like maintaining your tools.
- If your staff does not understand the importance and value of the contractor’s licenses you hold, problems will occur that can damage your business financially.
- Hiring a professional license service is as important as using a CPA or Attorney. The advice of an experienced professional is worth much more than the money you spend.
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Nick Forchette
Chief Manager at NCLA
Nick Forchette has over 35 years experience as a consultant to contractors providing license compliance services. Currently Chief Manager of National Contractor License Agency with offices in St. Paul, MN and San Diego, CA. His company has assisted tens of thousands of contractors with setting up and maintaining business entities and contractor licenses throughout the United States.
Latest posts by Nick Forchette (see all)
- Role of NCLA in Contractor Licensing - May 12, 2023
- License Reciprocity in the U.S. Construction Industry - April 21, 2023
