Louisiana Contractor's License
Louisiana Contractor's License
Study online at https://quizlet.com/_6fxpgh
1. Cover Page contains contact info and a confidentiality statement
2. Abate- requires a 4 hour course in "unfair trade practices and consumer protection law".
ment/Mold
Remediation
License
3. If an employ- The employer has 30 days to fulfill their request
ee requests their
W2 from an em-
ployer after final
wages are paid...
4. OSHA requires No later than February 1st of each year.
employer's to
post an annual
summary of in-
juries and illness-
es.
5. OSHA Form 300 5 years after which the form pertains.
must be kept for
a period of...
6. Occupational Li- Cities and Parishes
cense Taxes are
required by...
7. executive sum- includes highlights of the business plan and is meant to gain interest of the reader
mary
8. Company Sum- the company vision and mission, legal structure, management personnel, busi-
mary ness location, and facilities
, Louisiana Contractor's License
Louisiana Contractor's License
Study online at https://quizlet.com/_6fxpgh
9. Products and your specific products, primary subcontractors and suppliers, and expansion
Services opportunities
10. Market Analysis your target market, trends and major competitors are defined here
11. Market Strategy the uniqueness of your product along with your pricing, advertising, and promo-
tional strategy
12. Financial Plan Financial statements, balance sheet, income statement, and cash flow statement
13. Sole Proprietor- a business owned and managed by a single individual
ship
14. Partnership A business in which two or more persons combine their assets and skills
15. Limited Liability a type of business with limited liability for the owners, with the advantage of not
Corporation paying corporate income tax
16. C Corporation The most common type of corporation, which is a legal business entity that offers
limited liability to all of its owners, who are called stockholders
17. S corporation a form of corporation that avoids double taxation by passing items of income, loss,
deduction, and credits through to its shareholders
18. Joint Venture an agreement between two or more companies to share a business project
19. business License protects the public from unqualified, inexperienced, incompetent or unethical
contractors
20. Licensing Au- conduct investigations and discipline problem contractors, levee fines, and even
thorities revoke licenses
21. Louisiana Licens- 15 members appointed by the governor and represent each voting district.
ing Board
, Louisiana Contractor's License
Louisiana Contractor's License
Study online at https://quizlet.com/_6fxpgh
22. Commercial Con- license is required for $50,000 or more
tract
23. Electrical and/or License is required for $10,000 or more
Mechanical Con-
tract
24. Residential Con- license is required for $75,000 or more
tract
25. Abatement con- license is required for $1 or more
tract
26. Home remodel License required for $7,500 or more
contract
27. Commercial Pro- any project other than residential
ject
28. Multi-Resident considered to be a commercial project if in the same subdivision
Contracts
29. Exempt from li- property owners who build for their own use, donated labor, public utilities,
censing equipment repair, mobile home builders
30. Penalties for $500 per day of the violation, up to 3 months in jail, or both.
working without
a business li-
cense
31. Qualifying Party The person who will hold the business license.
32. 30 days the amount of time you have to notify the board about a termination of a qualifying
party
Louisiana Contractor's License
Study online at https://quizlet.com/_6fxpgh
1. Cover Page contains contact info and a confidentiality statement
2. Abate- requires a 4 hour course in "unfair trade practices and consumer protection law".
ment/Mold
Remediation
License
3. If an employ- The employer has 30 days to fulfill their request
ee requests their
W2 from an em-
ployer after final
wages are paid...
4. OSHA requires No later than February 1st of each year.
employer's to
post an annual
summary of in-
juries and illness-
es.
5. OSHA Form 300 5 years after which the form pertains.
must be kept for
a period of...
6. Occupational Li- Cities and Parishes
cense Taxes are
required by...
7. executive sum- includes highlights of the business plan and is meant to gain interest of the reader
mary
8. Company Sum- the company vision and mission, legal structure, management personnel, busi-
mary ness location, and facilities
, Louisiana Contractor's License
Louisiana Contractor's License
Study online at https://quizlet.com/_6fxpgh
9. Products and your specific products, primary subcontractors and suppliers, and expansion
Services opportunities
10. Market Analysis your target market, trends and major competitors are defined here
11. Market Strategy the uniqueness of your product along with your pricing, advertising, and promo-
tional strategy
12. Financial Plan Financial statements, balance sheet, income statement, and cash flow statement
13. Sole Proprietor- a business owned and managed by a single individual
ship
14. Partnership A business in which two or more persons combine their assets and skills
15. Limited Liability a type of business with limited liability for the owners, with the advantage of not
Corporation paying corporate income tax
16. C Corporation The most common type of corporation, which is a legal business entity that offers
limited liability to all of its owners, who are called stockholders
17. S corporation a form of corporation that avoids double taxation by passing items of income, loss,
deduction, and credits through to its shareholders
18. Joint Venture an agreement between two or more companies to share a business project
19. business License protects the public from unqualified, inexperienced, incompetent or unethical
contractors
20. Licensing Au- conduct investigations and discipline problem contractors, levee fines, and even
thorities revoke licenses
21. Louisiana Licens- 15 members appointed by the governor and represent each voting district.
ing Board
, Louisiana Contractor's License
Louisiana Contractor's License
Study online at https://quizlet.com/_6fxpgh
22. Commercial Con- license is required for $50,000 or more
tract
23. Electrical and/or License is required for $10,000 or more
Mechanical Con-
tract
24. Residential Con- license is required for $75,000 or more
tract
25. Abatement con- license is required for $1 or more
tract
26. Home remodel License required for $7,500 or more
contract
27. Commercial Pro- any project other than residential
ject
28. Multi-Resident considered to be a commercial project if in the same subdivision
Contracts
29. Exempt from li- property owners who build for their own use, donated labor, public utilities,
censing equipment repair, mobile home builders
30. Penalties for $500 per day of the violation, up to 3 months in jail, or both.
working without
a business li-
cense
31. Qualifying Party The person who will hold the business license.
32. 30 days the amount of time you have to notify the board about a termination of a qualifying
party
