The initial question you have to remedy is, what is my small business name? The 2nd issue is, which relates to the initially query, what variety of business enterprise entity will I be?
Let’s acquire the first issue.
A enterprise identify can be your personalized title or a fictitious small business name (FBN), also referred to as a DBA or Undertaking Company As. The Contractors State License Board has certain specifications when it will come to a contractor’s license company name.
If implementing for a sole proprietor, or sole proprietor license, you can use your personal identify as the small business identify. Of you can use an FBN. If you select to use an FBN, you can expect to want to make sure it is readily available in just your city or county to register, and this registration is needed no subject what enterprise entity you go with.
As I mentioned in a prior article, a business enterprise name that denotes any trade classification must denote the classification remaining used for. If you are making use of for a plumbing license and your company name is ABC Photo voltaic, the CSLB will involve you to deliver a DBA that contains the phrase “plumbing” in it. If your FBN is Apples to Apples, then the CSLB will never inquire you to adjust it or add a DBA simply because Apples to Apples does not denote any trade classification.
Now the second concern.
Will you operate as a sole owner, partnership, company, or LLC? These entity kinds have their personal specific demands.
Sole Owner: Just you, or you and an RME qualifier
Partnership: You and one or far more other partners
Corporation: Just you, or you and a qualifier, and other officers. Note, officers listed on the company history with the Secretary of State will have to also be mentioned on the license software.
LLC: Just you, or you and a qualifier, and other supervisors or members. Note, an LLC license has an supplemental bonding prerequisite that ranges in rate from $1250 to $5000 a yr. All LLC users of managers detailed on the Sect. of State history must also be detailed on the license application.
When you have tackled the enterprise identify dilemma you can shift on to Segment 2 of the application. In this article you may examine the suitable box for your organization kind.
A partnership involves a partnership EIN that is acquired from the IRS. The variety will be in this format: XX-XXXXXXX.
A company requires a Corp amount that is obtained from the CA Sect. of Condition. The variety will be in this format: CXXXXXXX.
An LLC calls for and LLC selection that is also acquired from the CA Sect. of State. The selection will be in this format: XXXXXXXXXXXX, and it begins with the yr the LLC was shaped.
Take note: A partnership, company, or LLC ought to be fashioned prior to submitting your license application to the CSLB.
Listed here you will record the qualifier’s information. The qualifier is person who has the working experience and will be having the CSLB test(s). Take note: the qualifier can also be the sole proprietor, sole officer or sole LLC member, unless the qualifier retains no officer or manager/member positions. If the qualifier is not a sole operator, sole officer, or sole manager/member, then the sole proprietor, officers, or supervisor/customers information will be listed in Portion 4, site 2 of the software.
Please see my future article for how to finish Segment 4, or web page 2 of the CSLB license application.
Be sure to use my get hold of variety under if you have any queries about the information delivered higher than.