Based on the passing of SB 392 in 2010, the Contractors State License Board can now process applications by LLCs for contractor’s licenses. However, you should know that there are some additional requirements for an LLC to obtain a contractor’s license. For example, the LLC application must include as Personnel of Record all directors, [...]
Archive for February, 2012
Limited Liability Companies (LLCs) Can Now Be Licensed California Contractors!
By Iman Reza
Wednesday, February 22nd, 2012
Succession Planning in Turbulent Times—Operating Companies Need an Operator
By Fred Whitaker
Wednesday, February 15th, 2012
Last month we discussed that “Operating Businesses Need an Operator.” Operating businesses—whether you want to sell your business to a third party, your employees, or give it to your heirs—need an operator to have longevity and value you can harvest. If you are the only one who can run it, it won’t last very long [...]
Bankruptcy Can Take A Toll On A Mechanics Lien Claim
By Charles Murawski
Wednesday, February 8th, 2012
Generally, once a mechanics lien is recorded, a lien claimant must file an action to foreclose on the lien within 90 days of the recording date. If a claimant fails to file an action within that time period, his or her lien rights are automatically forfeited. But what happens if a mechanics lien is recorded [...]
