BUSINESS AND LAW- MINNESOTA SUB-COTRACTOR/CONTRACTOR EXAM WITH CORRECT QUESTIONS AND ANSWERS.

BUSINESS AND LAW- MINNESOTA SUB-
COTRACTOR/CONTRACTOR EXAM
WITH CORRECT QUESTIONS AND
ANSWERS.

1. what is a DBA? - CORRECT ANSWERS.✔️✔w
️ hen a contractor operates under a different name
than their LEGAL



2. If a contractor will be engaging in business as a different name than their LEGAL NAME, what
must they attach to their LICENSE APPLICATION? - CORRECT ANSWERS.✔️✔️What is a
Certificate of Assumed Name?



3. Who must approve, file, and stamp your C.A.N when engaging in business as someone else? -
CORRECT ANSWERS.✔️✔️Minnesota Secretary of State



4. For business entities , if the DBA is different from the legal name of business entity or if DBA
name doesnt include each partner's full name, what must they do? - CORRECT ANSWERS.✔️✔a️
Certificate of Assumed Name must be submitted with the contractor's licensing application



5. 5A. How long do you have to notify the Commissioner if there’s any change in these 4 things?
6. 1._________
7. 2.________
8. 3.________
9. 4.________ - CORRECT ANSWERS.✔️✔️No later than 15 days



10. 5B. How long do you have to notify the Commissioner if there’s any change in THESE 4 things?



11. What are the 4 things in mentioned in 5B? - CORRECT ANSWERS.✔️✔️personal name, trade
name, address, or business location