WHY IS A FINANCIAL STATEMENT NEEDED? If you need more instructions or a balance sheet, it is available in the paper renewal form at: Fire Prevention / State Fire Marshal's Office, Tennessee Law Enforcement Training Academy, Peace Officer Standards Training Commission, Fire Services & Codes Enforcement Academy, Residential Continuing Education (RCE) Providers, Section 1. - "OneStop Resource", Duplicate License Certificate - Request Form, FEIN / EIN - Federal Employer Identification Number, Workers' Comp Exemption Registry as Construction Services Provider, Section 2. This applies to prime and subcontractors. Out-of State corporations must register as a foreign corporation and submit a copy of their Charter, along with a copy of their Certificate of Authority showing they have registered their charter (we may accept a copy of their application stamped "FILED" from the Tennessee Secretary of State's office in order to meet the 20th deadline). (Rule 0680-1-.02) Those who cannot make the deadline or need the license prior to the next Board meeting, may provide a"Hardship"request if it meets the criteria as a hardship to an owner/consumer. Well Drillersneed to be certified with theDepartment of Environment and Conservation. Upon receipt of the completed application, the applicant will be scheduled for an interview with the Board at their next regularly scheduled Board meeting (see Public Meetings Calendar). Note:Contractors with non-tested trades or "specialty" license classifications, cannot perform any electrical, mechanical or plumbing in excess of $25,000, and would be required to subcontract to properly licensed contractors. Renewals submitted without all the required information to renew, cannot be issued and an extension to contract on an expired license cannot be granted. Fire Prevention / State Fire Marshal's Office, Tennessee Law Enforcement Training Academy, Peace Officer Standards Training Commission, Fire Services & Codes Enforcement Academy. A contractor is allowed a 10% tolerance, unless, they have a BC-A/r classification (residential restricted limited license). Check with the Board's roster of licensed contractors to ensure the name on the license is available at:https://verify.tn.gov/ Effective July 1, 2014, the name on the license cannot be similar to another licensed entity. Code Ann. If Board meets in January, the deadline would be December 31st. and also your license monetary limit. The expiration date is on the last date of the month, in which the license was originally issued. To obtain the annual license remit an application along with $15 to the Customer Service Dept. Contractor's License Renewal . Contractor - Renewal & Retirement Section 3. A contractor with a $200,000 limit may construct as many of these homes as long as each one does not exceed the limit. Applications are due on the 20th of the month prior to the Board meeting. All applicants must take the Tennessee"Business and Law"exam which is open book and based upon NASCLA's Tennessee "Contractors Guide to Business, Law and Project Management" reference manual which may be purchased by the publisher, exam vender or professional book stores. A contractor may obtain a limited residential restricted (BC-A/r) contractor's license, up to $125,000 without passing license exams, by taking a course approved by the Board with one of the following state community colleges listed below. For more clarification to these options or access to the forms needed to complete the renewal, go to:"Renewal-Financial Options". Waived applicants will not be approved for a license until after the Board meets; therefore, do not use your license ID number until approved. *ABondin the Board's format may be suppliedin lieu of the Guaranty Agreement, in the amount of $500,000; or $1,000,000 for an Unlimited monetary limits. Generally, current liabilities include the following: NON-CURRENT LIABILITIESdo not include long term notes, bonds, and obligations that will not be paid out of current assets. Failing to attach all required documents prevent the renewal from being processed. American Contractors offers an extensive, 2-day seminar to prepare for the North Carolina General Building contractor license exam. Exemption Registry for Workers' Compensation as a "Construction Services Provider" requires registration with another section of the Secretary of State's office. TheCandidate Information Bulletinhas a list of all exams, outline, reference materials, books, security requirements, rules for using books for open book exams, and how to register for exams. TCA 62-6-111; TCA 62-6-116; 62-6-124; Rule 0680-1-.13; Rule 0680-1-.14; and Rule 0680-1-.15. (After a license has been expired for 3 months, must submit a new license application; less than 3 months, may renew with late fees.) Contact theDepartment of Revenuefor obtaining a local Business tax license for each city or county where you plan to perform work. Exam scores are generally accepted for two (2) years by the Board. Staff must receive in the Board office prior to the deadline date (last day of the month prior to the Board meeting) in order to have in time to process (review, audit, copy for members, add to meeting books, etc.). The Blount County, TN County Clerk provides an application for a Business license on the County Clerk's Online Services webpage. A contractor cannot split a contract into phases to work within their limit, however, a 10% tolerance is allowed. Upon receipt of the increase request, it will be presented to the next regularly scheduled Board meeting; no interview is required for revision requests. Limited Liability Companies (LLC) must submit a copy of their Articles of Organization, and proof showing they have registered/filed with Tennessee Secretary of State, including out of state entities. Build residential houses only, take the BC-A exam. This exam is open book and you may obtain the "NASCLA Contractors Guide to Business, Law and Project Management" manual from one of the bookstores listed above or most professional book stores online. Contractor Revisions Amendments/Changes To Existing License Section 4. Step 1: General Renewal Information What you need to know about the expiration of your license and general renewal information Step 2: Completing Your Renewal Application Instructions for completing a renewal application Step 3: After Submitting Your Renewal Application The renewal process and how to ensure your license has been renewed Save Time / Apply Online! A contractor with a monetary limit of $150,000 may contract up to $165,000 without being in violation (see Rule 0680-01-.13). and insurance to be in the new name. Subscribe for Board Updates . However, the license ID number will remain the same as the expired license. These should be submitted assoon as completing the online renewal and may be sent to our. Renewal Due Date:Contractor licenses are renewed biennially and issued for two (2) years. See law updates for Workers' Compensation at the "Laws, Rules and Regulations" section of the website. You will then submit an application to the state licensing board with required documentation. Registering for the Exam Renewal forms are no longer mailed to licensees. Licensing offers the consumers a mechanism to voice their concerns. Here's how a contractor can get their license reinstated: Complete the "Contractor's License Application.". Contact: (865) 694-6400, Memphis State Community College/@Homeprep PSI offers "Exam Review" for a fee to review areas for your strength and weaknesses. 976 0 obj
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These contractors may need to check with the Department of Environment for further state requirements at 888-891-8332 or theirDepartment of Environment website. For example, if a residential contractor is building a house for a consumer, on their land, the land would not be part of the contract. Only exact matches will be displayed. Scores are given upon completing the exam, so you know right away whether you passed. Only one reference letter is necessary. BC-A/R Limited Residential Restricted License - *$125,000 Limit Or Less Section 5. Search Now Verify a License for example: accountants, barbers, real estate firms Returning User. Cash only statements must include a Guaranty Agreement with a supplemental financial statement, as well as those with the majority of capital listed as uncollected accounts receivables. The application form can also be obtained from the Business Tax Department in the Office of the Rutherford County Clerk. **Fire Sprinkler contractors must also obtain licenses with theDivision of Fire Protection, as a Firm and RME (Registered Managing Employee). A contractors license is issued with a classification and monetary limit in the name of the entity on the financial statement. Please review T.C.A. You are breaking the law if you do. Tennessee has a trade exam waiver(Reciprocal)agreement with several states, therefore, if you are actively licensed in one of these states, and the type of license you are requesting requires a trade exam, you may be able to obtain a trade exam waiver. If you cannot locate this number, you may contact theContractors Boardor theCustomer Service Center(be sure to include your license number). If an interview is required and the application was received prior to the deadline date to be scheduled, an "admission" letter is sent with the date, time and location of the Board meeting. Who takes the exam? Note: Specialty license classifications are for unique types of contracting where there is not a standard classification provided in the Rules. Submit an online license application File a Complaint . Documents with social security numbers are redacted. In order to increase the license more than $125,000 to remove restriction, must take the exams and provide a reviewed financial statement. in lieu of sending by mail. For example, if you plan to contract homes no more than $150,000 per contract, your CPA can help determine if your financial statement meets the criteria. A listing of each project, contract, or subcontract completed by the licensee during the preceding calendar year in North Dakota over the amount . If the gross receipts are $3,000 to $9,999, the . Apply for your business license online at http://www.tncountyclerk.com. A contractor may place their active license into retirement, anytime after renewing the license (such as, due to canceling insurance while not working) or prior to the license expiring; If the contractor's license has expired (less than 12 months), they may retire by submitting the renewal and lates fees; plus the retirement fee. Contractors who are not currently working, may place the license in"Retirement"in lieu of renewing, to retain renewal rights (renewal rights expire after 12 months). Examples for trade exams needed for classifications: Be sure to check in the county you plan to work. The license is issued for two years. A BC-B or BC is needed to build a water/sewer plants or to get a MU classification. Completing Your Renewal Application Be sure to complete your renewal application carefully. For a Limited Licensed Plumber (LLP) license, the exam fee is once again $57 and the application fee is $75. . (See T.C.A. A letter notifying receipt will be sent to all applicants (Do NOT contract prior to being approved by the Board.). Individual First Time Application or Applying for Another License Discipline These are the only states in which Tennessee has a trade exam waiver agreement. In lieu of taking the "BC-A" residential trade exam and "Business & Law" exam, residential contractors wanting to perform work where the cost is less than $125,000 (based upon financial statement), may take a "Limited License" course with a Tennessee community college or vocational school. Board Rules and Regulations . If you need assistance, please call 615-741-2241. If the ownership is due to one of the corporate or LLC members leaving and there is not a new incoming owner, the remaining owner would not be required to obtain a new license, but must notification the board in writing and provide a letter of. All licenses must be renewed every two years. Be sure to contact the Board office to apply for achange (name, mode of operation)and obtain a new license before contracting. No. No annual tax return is required. You can send the Tennessee general contractor license application to this address: Tennessee Board for Licensing Contractors 500 James Robertson Pkwy. Tennessee Contractors Count on CRS CPA For an LLE license application, call our office at (615) 253-2144 or download from the. License issuance takes 4 to 6 weeks. View all Residential Contractor License Types General Contractor Licensure.
Personal Guarantor - Guaranty Agreement must include a personal financial statement from the owner(s) and is not required to be an audit or review; may self prepare personal supplemental financial statements with the entity's Review or Audit. For contractors wanting to take a exam preparation course, the Board requires these providers to be licensed. Contractor licenses are issued according to the legalNAMEappearing on thefinancial statementand the name should match on ALL related information required in the new license application, such as the corporate Charter, Articles of Organization, Reference, Contractors Affidavit, Line of Credit, etc. Notices to renew online are mailed to licensees 90 days prior to expiration date with online renewal instructions. General Liability is required based upon the monetary limit of a contractor. If you'd rather not apply by snail mail, the contractor license Tennessee application will allow you to . Must follow local license requirements and pay fees. https://core.tn.gov. The classification for this license is " BC-A/r". See"Public Meetings Calendar"for dates. Contractors with a "Retirement" status are considered "Inactive" and not licensed to perform work in an amount where a license is required; Bookstores(Code Books and Reference Manuals for Exams). *Note: Check with theDepartment of Labor and Workforce Developmentfor other requirements for Elevators and Boilers. Renewal Process:Board office conducts an audit, which includes: 1) checking the financial statement to ensure the working capital and net worth supports the current monetary limit; 2) checking for proof of insurance and making sure coverage includes Tennessee; 3) Corporate status is confirmed; and 4) check to see that the "Contractor's Affidavit" was completed, signed and notarized. Guaranty Agreement Required However, there is not a grace period under which you may perform any work as a contractor without a license. BOARD INTERVIEW Always allow30 daysfor processing! In order to hold a license with a limit of $150,000, you would need to showworking capitalandnet worthof at least $15,000, as well as experience for this amount. In addition, the financial statement may be examined by the Comptroller of the Treasury or their designee. STEP 4 - PROOF OF INSURANCE. The total contract should include materials, labor, and profit. You may check your expiration date online at:License Search and Verification. IMPORTANT: If you have not received your renewal application from the CSLB within 45 days of the expiration date, you need to order a renewal online or by calling the CSLB at 1-800-321-CSLB (2752). Certificate of Insurance for General Liability; Workers Compensation Information (Certificate of Insurance, or Construction Service Provider exemption, unless claiming the Handyman exemption); and. Currently, only the Increase Monetary Limit and Transfer-Change Mode of Operation applications are available online. The renewal form is available online for anyone needing a financial balance sheet at:https://tn.gov/commerce/documents/regboards/contractors/forms/ContractorsRenewalWeb.pdf The financial statement may be self-prepared by the contractor and is not required to be prepared by a licensed CPA when their monetary limit is $3,000,000 or less. 62-6-118 and 120. Contractor License - Application For New (Initial); Reinstatement; or Additional Licenses Section 2. 62-6-102and covers a very broad area, which includes construction, installation, movement, repair, etc. endstream
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<. More examples are provided in the"Contractor Classifications Outline"as well as a list of all exams in PSI'sCandidate Information Bulletin. Attach an explanation where applicable. A Contractor or Qualifying Agent who has taken the exam and not been inactive more than two years, is typically not required to retest when obtaining an additional license (Note: must have majority ownership to be listed on more than one license). The contractor could supplement their reviewed for audited financial statement with a "Line of Credit" (on the Boards format) in the amount of $5,000 to increase working capital; or. Reciprocal agreementsdo NOT allow using another state's license in Tennessee, but provides a trade exam waiver, only. The renewal is required to be submitted 30 days prior to the expiration date to prevent working with an expired license, as there is NOT a grace period. License renewal applications are due 30 days before your license expires, so you'll want to make sure your RCE is completed well in advance of that date. %PDF-1.5
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NOTE:All financial statements submitted should separate current portion of long term debt according to standard accounting principals. A Tennessee contractor's license is requiredBEFOREbidding or offering a price, for projects$25,000 and up(includes materials and labor), as a prime (general) contractor; and also subcontractors performing electrical, mechanical, plumbing, HVAC, roofing and masonry are also required to be licensed as a contractor, when the total portion on the project is $25,000 or more; masonry, when $100,000 or more. Please contact us for additional information, 1-800-992-1910. Limited Partnerships must register with the Secretary of State. To renew online, you must first set up an account and will need to have a Indv/Org # located on your notice of renewal. Therefore, it may be a sole proprietor, corporation, partnership, or LLC. Contractors in Tennessee can manage their licenses through the state's CORE (Comprehensive Online Regulatory & Enforcement) system. Renewals should be submitted to the Board's office30 days prior to the expiration date. Submit a personal or parent company financial statement with a *"Guaranty Agreement". l2X$DuYDJ4WL`]@$M?0 )wg
Also, must obtain licenses with the, Geothermal System requires a CMC-C (HVAC) exam. Cash statement - cash without fixed assets, etc. SpecialAccommodations All these forms are available from the"Forms and Downloads"section of our website. Trade Exam Waivers(Reciprocation) Submit the "Letter of Reference" from the application and have it completed by a past client or employer who may comment about your construction work/experience OR a code official who has inspected your work. ), Proof of insurance Now you can signup online! Expiration date of 10/31/2013 would not owe a late fee as long as the renewal was received (not postmarked) by November 7th. You will be required to replace the financial responsibility (surety bond, etc.) Letter of Reference Doing so may be considered as a security breach of the confidential exam questions. Contractor's failing to complete the license renewal within 12 months of the expiration date, would need to complete the new license application. At renewal time, a contractor may supply a "Reviewed" financial statement for unlimited. For more information relative to renewals, you may contact our office by email at:
[email protected] -or- Fax: (615) 532-2868 -or- Call our office at (615) 532-3985 or (615) 532-3994. Fees, reference books and online registration are available atPSI's Websiteor you may review theCIB (Candidate Information Bulletin)[pdf] on their website. To ensure timely receipt of all license maintenance information, be sure to notify the Board of any change to the address maintained on Board records.