Are you aware that the worldwide construction industry is expected to reach a value of $10.5 trillion by the end of next year?
Simply put, there’s a lot of profit to be earned in this business. If you’re thinking about offering general contractor services, it’s important to know what type of documents you need. For instance, a general contractor’s license is one thing that’s non-negotiable.
Have you ever heard of this before? Keep reading to learn all about how you can get a general contractor’s license in the state of North Carolina.
Why It’s Necessary
Are you asking yourself, “Why do you need a contractor license?” This type of license is a way of protecting both you and the clients you work with. Without a license, it can be difficult if not impossible to sue a client for a breach of contract, for instance.
Whether you’re working on improving roads, a house, or something else, North Carolina requires a general contractor license if the project costs are equal to or exceed $30,000.
How to Get It
It’s important to note that there are 5 main contractor license classes, including building, highway, residential, specialty, and public utilities. You’ll have to consult with the NC Licensing Board for General Contractors to determine the class that’s right for your purposes.
Once you know what you’re studying for, you can prepare for the contractor’s license exam.
How Long Does It Last?
There are three main types of licenses. The limited license is for projects under half a million in worth. The intermediate license gives you a wiggle room that’s double the worth of the limited license.
As you might guess from its name, the unlimited license has no limit and is good for projects of varying sizes. Keep in mind that these licenses can expire and the license renewal requirements state that you must pay a fee.
The license itself expires at the end of each year, requiring you to renew it at the beginning of the subsequent year. Any contracting that occurs without a license or without a license renewal could cause you to be charged with a misdemeanor, so it’s in the best interest of your business to ensure you’re licensed. If you still have questions or are ready to get the license, then be sure to view this general contractor license.
Are You Ready to Get Your General Contractor’s License?
Now that you’ve learned all about how you can get a general contractor’s license in the state of North Carolina, you can have peace of mind knowing that you’re working within your legal right. The last thing you’d want to do is to have your businesses break down because you didn’t get all the necessary paperwork finished.
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