May self prepare supplemental financial statements with the entity's Review or Audit. In addition, an interview with the Board is required. Related party or owners receivables (not allowed as a current asset), Cash restricted for special purposes (Restricted cash may be classified as a current asset if it is considered to offset maturing debt that has been properly classified as a current liability), Receivables not expected to be collected within one year, Depreciable assets (buildings, equipment, tools, etc. To renew online, you must first set up an account and will need to have a Indv/Org # located on your notice of renewal. The Regulatory Licenses currently available include those professions regulated and licensed within the Department of Commerce and Insurance, Division of Regulatory Boards, and the Department of Agriculture, Division of Consumer and Industry Services. You can send the Tennessee general contractor license application to this address: Tennessee Board for Licensing Contractors 500 James Robertson Pkwy. See also the"Contractor"section of the website and"Bidding"requirements. If the ownership is due to one of the corporate or LLC members leaving and there is not a new incoming owner, the remaining owner would not be required to obtain a new license, but must notification the board in writing and provide a letter of. Individuals, those acting as the Qualifying Agent (QA) for the entity obtaining the license, may take the exam(s) on behalf of the business. and also your license monetary limit. Seminar Price: $495.00. ), Prepayments or deferred charges that will not be charged to operations within one year, *Notes receivables from stockholders/related parties, Line of Credit balances and credit card balances, Amounts collected before goods or services are delivered (over billings on jobs in progress), Accruals for wages, salaries, commissions, rents, royalties, and taxes, Other obligations, including portions of long-term obligations, that are expected to be liquidated within one year*, CPA (Certified Public Accountant) and Licensed Public Accountant - Information. For example, if the entity is wanting to go by, "John Doe DBA Doe's Quality Construction, LLC", this whole name must be on ALL documents; contracts must be in the name as licensed and could not be prepared as "Doe's Quality Construction, LLC" or "John Doe".). WHAT TYPE OF FINANCIAL STATEMENT IS REQUIRED? hbbd```b``"WH&) f5A${;X}6l`` zg0;DrH 2 DH8d bl + Notices to renew online are mailed to licensees 90 days prior to expiration date with online renewal instructions. This is an excerpt of the "Classifications Outline" and the following trades do not require a trade exam; based upon equipment and experience, unless, obtaining more than five subcategories under one major classification (or as indicated below): Building Subcategoriessuch as: "Acoustical Treatments" (BC-1;) through "Irrigation" (BC-33;) Full "BC" exam would cover all; BC-A would cover all for residential, only. *ABondin the Board's format may be suppliedin lieu of the Guaranty Agreement, in the amount of $500,000; or $1,000,000 for an Unlimited monetary limits. Contact: 931-473-5587, Limited Licensed Electrician(LLE)Projects less than $25,000, Limited License Plumber(LLP)Projects less than $25,000, Home Improvement LicenseProjects $3,000 to $24,999. . A contractor with a monetary limit of $150,000 may contract up to $165,000 without being in violation (see Rule 0680-01-.13). There is a grace period of 7 days after your license expires to have your renewal application postmarked. This exam is open book and you may obtain the "NASCLA Contractors Guide to Business, Law and Project Management" manual from one of the bookstores listed above or most professional book stores online. Apply For a License or Permit Online Complaints Low Income Fee Waiver Military Personnel Applicants Authorized Representative Regulatory Boards Fire Prevention/ State Fire Marshal's Office Promoted articles Are you or your spouse military personnel? Save Time / Apply Online! To obtain an increase of more than $125,000, this would require passing the exams. License has been expired more than 24 months and does not provide a written request for waiver with evidence showing the QA has remained active in the industry (working as a sub; working on smaller projects; working for a licensed contractor; working in another state; etc. *Note: Highway contractors bidding to the Tennessee Department of Transpiration (TDOT) would need to pre-qualify with this department and a license from our Board may not be required. Enter your official identification and contact details. More information at: (615) 741-9771 or theirwebsite. A contractor is allowed a 10% tolerance, unless, they have a BC-A/r classification (residential restricted limited license). More examples are provided in the"Contractor Classifications Outline"as well as a list of all exams in PSI'sCandidate Information Bulletin. See "Reciprocal" information for trade exam waivers. 62-6-120. The Board specifies the exact type of work you perform, such as "S-Installation of Paint Finishing Equipment", "S-Solar Panel (must have a CE electrical license to perform electrical wiring or hire an electrical subcontractor); S-Meter Installation (must have a CE electrical license to perform electrical hook-ups). 62-6-135. PSI uses your social security number to register for the exams for identity purposesand you are required to provide a photo-ID. A homeowner is exempt from obtaining a home improvement license to perform work on their own property. Contact theDepartment of Revenuefor obtaining a local Business tax license for each city or county where you plan to perform work. If you are a military-trained applicant, military spouse or military dependent, please notify our office at the time of the application. To obtain an unlimited monetary limit on a license, the contractor must show $300,000 in both, working capital and net worth, as well as experience, with anauditedfinancial statement. A contractor should apply for a mode change name change if they have changed their operations as approved on their license, by completing the license revision request form(better to do so prior to renewing a license). More information is on the "Other Resources" section of our website or at:Insurance Information. The renewal is required to be submitted 30 days prior to the expiration date to prevent working with an expired license, as there is NOT a grace period. If Board meets in January, the deadline would be December 31st. Licensing offers the consumers a mechanism to voice their concerns. One must be a valid form of government issued identification(driver's license, state ID, passport) which bears your signature and pre-prited legal name. Therefore, some contractors will be seen earlier. How to Become a Licensed Contractor, RENEWAL Exam scores are generally accepted for two (2) years by the Board. This information is available on the"Forms Downloads"section on the web. STEP 4 - PROOF OF INSURANCE. These four (4) types of license revision requests must be approved by the Board at their regularly scheduledmeetings. State . Expiration of indemnities occurs at renewal time (no more than 2 years). The classification for this license is " BC-A/r". OTHER Please allow 5 to 7 business days for mail delivery. See Public Meetings Information for more information. However, the license ID number will remain the same as the expired license. Thepre-approval formis located in the "Candidate Information Bulletin" or from our website and may be faxed or emailed to the Board's office at: Fax# (615) 532-2868; orE-mail Contractor.app@tn.gov or call (615) 741-8307. The QA may be an owner, officer, or full time employee (the QA does not own the license; license is issued to the entity providing the financial statement, insurance, etc. See more information for"Hardship Criteria". Note: If you have been disciplined or convicted of a felony, the Board will not accept. In order to obtain aContractor'slicense (required for projects $25,000 or more), the following is the "Application" and "Exam" information to download and print or you may call our office at 1-800-544-7693 and we will be happy to mail you an application package: The above items are needed to obtain a contractor's license. FAQs . Fire Prevention / State Fire Marshal's Office, Tennessee Law Enforcement Training Academy, Peace Officer Standards Training Commission, Fire Services & Codes Enforcement Academy, Contractors Renewal Retirement and Revisions, Exam Information - Candidate Information Bulletin, Department of Environment and Conservation, Department of Labor and Workforce Development, Alarm Systems Contractors Licensing Board, Guaranty Agreement and Bond Forms - Policy, Guaranty Agreement (Format and Instructions), Trade Exams(for various license classifications)- $55, Res/SmCom (BC-A,b(sm) - (Projects less than $750,000), *Full Mechanical -Plumbing & HVAC (CMC)Must be pre-approved, Licensed Masonry Contractor (LMC) - Projects $100,000 or more. Obtaining a License You may obtain your business license at the finance department, by mail, or download the application. Note:It is up to the Board to determine whether the exam would need to be retaken on waiver requests and they would make this decision upon reviewing the complete application at the Board meeting; staff cannot make this determination. This is a separate license within the Board. Generally, current liabilities include the following: NON-CURRENT LIABILITIESdo not include long term notes, bonds, and obligations that will not be paid out of current assets. Applications are due on the 20th of the month prior to the Board meeting. Contact: (423) 697-3100, Pellissippi State Community College Build residential houses only, take the BC-A exam. The QA leaving needs to be reported to the Board within10 daysand this may be done by completing the revision form,"QA - Leaving Notification". *Note: Alarm System licensees are exempt from obtaining an additional license as a contractor, pursuant T.C.A. Trade Exams 62-6-118 and 120. Change to Fireworks Registration - Revenue Requirement Fireworks Frequently Asked Questions (2021) There is not a required dress code. Contractor Revisions- Contractor's requests to revise or upgrade their license are due by thelast day of the monthprior to the Board meeting. At renewal time, a contractor may supply a "Reviewed" financial statement for unlimited. Contractors will need to upload and attach their Financial Statement and Certificate of Insurance for General Liability and also Workers' Compensation (or exemption registration unless claiming the handyman exemption) to complete their online renewal. If there is a change in ownership with the remaining owners of the existing partnership or corporation licensed, you must notify the Board office in writing and supply the financial responsibility (surety bond) for the existing owners within 30 days, and may be required to supply a new license application if it is a change of 25% or more. Books may be shipped for overnight delivery. Fire Prevention / State Fire Marshal's Office, Tennessee Law Enforcement Training Academy, Peace Officer Standards Training Commission, Fire Services & Codes Enforcement Academy, Contractors Renewal Retirement and Revisions. Raw, undeveloped land is not a current asset. WHO MUST PREPARE THE FINANCIAL STATEMENT? If submitting a change at the time of renewal, it may be delayed since the Board must review at their regularly scheduled meetings. (Rule 0680-1-.02) Those who cannot make the deadline or need the license prior to the next Board meeting, may provide a"Hardship"request if it meets the criteria as a hardship to an owner/consumer. However, if the contractor fails to apply for a license within this time period and remains active in the construction industry, such as performing projects where a license is not required (under $25,000), or working for another licensed contractor, or in another state, etc., then the Board may accept the scores after the two year period. WHY IS A FINANCIAL STATEMENT NEEDED? Reciprocal agreementsdo NOT allow using another state's license in Tennessee, but provides a trade exam waiver, only. Well Drillersneed to be certified with theDepartment of Environment and Conservation. Rule increased from *$70,000 to $125,000, effective 2/20/2014 to allow contractors to apply for a license up to this amount. Guaranty Agreement Required Confidential Records - Financial statements and indemnities are not considered public records. If you change the name of a registered entity with the Secretary of State, you must also request a license "Revision" to amend the contractor's license, prior to operating in the new name or mode of operation. Monetary limits are based 10 times the lesser of both working capital and net worth (plus experience). Work on electrical transmission lines/sub-stations, needs CE-A,H (high voltage), only. endstream endobj startxref If you have not already registered for this new system, please submit under the New Application tab. l2X$DuYDJ4WL`]@$M?0 )wg PSI has testing centers all over, including throughout Tennessee, as well as in other states. A BC-B or BC is needed to build a water/sewer plants or to get a MU classification. Request information on this class. This limit must cover the total project and it cannot be split into phases of smaller contracts to circumvent the law. TheCandidate Information Bulletinhas a list of all exams, outline, reference materials, books, security requirements, rules for using books for open book exams, and how to register for exams. The interview is informal and takes no longer than 30 minutes. Corporations and LLC must provide proof of active status with the Secretary of State which is available at: Residential Continuing Education (RCE) for those licensed after January 1, 2009 and hold a BC-A or BC-A/r classification. Renewals submitted without all the required information to renew, cannot be issued and an extension to contract on an expired license cannot be granted. For contractors wanting to take a exam preparation course, the Board requires these providers to be licensed. There are two types of exams: The Tennessee"Business and Law"exam is required byallcontractor license applicants. File a Complaint . If you have moved, state mail is not forwarded. Contractor's License- Must be received by the20th of the month prior to the Board meeting. This restricted license does NOT allow exceeding the monetary limit; there is not a 10% tolerance; cannot joint venture with other contractors to combine monetary limits; and cannot split contracts into phases to circumvent the law. These contractors may need to check with the Department of Environment for further state requirements at 888-891-8332 or theirDepartment of Environment website. Payment can be made by personal or cashier's check, but not cash or credit cards. Full "MU" requires a BC or BC-B trade exam; however, a contractor with a MU or BC or BC-B is considered acceptable to bid water treatment plants. You may request your license I.D. In order to increase the license more than $125,000 to remove restriction, must take the exams and provide a reviewed financial statement. First Name * Last Name * Email * Primary Phone * Address. What if the QA leaves? WAIVER OF INTERVIEW To obtain your Indv/Org#, you may contact Customer Service or 615-532-3985 (be sure to include your license number). A contractor licensee with a CE or CMC-C must register with the Alarm Systems Contractors Board in order to install alarm security systems. Limited Liability Companies (LLC) must submit a copy of their Articles of Organization, and proof showing they have registered/filed with Tennessee Secretary of State, including out of state entities. This would also be the case for a contractor wanting to reinstate an expired contractor's license. Contractors may apply for a license revision in order to make changes. Next, get a general liability insurance policy and a letter of reference. Contact: (865) 694-6400, Memphis State Community College/@Homeprep The only individuals required to be approved before taking the exam are plumbers; pre-approval is required by our Board to take the plumbing (CMC-A) or full mechanical (CMC) exam. Fire Prevention / State Fire Marshal's Office, Tennessee Law Enforcement Training Academy, Peace Officer Standards Training Commission, Fire Services & Codes Enforcement Academy. A contractor cannot split a contract into phases to work within their limit, however, a 10% tolerance is allowed. Business & Law(required for all new applicants; does not have to be taken by the same person taking the trade exam)and a trade exam may also be required. Contractor's License Application Package Apply Online at: https://core.tn.gov/ Online Application Forms Resource [pdf] Exam Information - PSI Candidate Information Bulletin (Registration, Locations, Study Materials, Rules for Testing, etc.) For masonry less than $100,000, the BC-9 is acceptable for a prime. 62-6-102(4)(A) and (E)(5). Send all mail (including express and over-night) to: Department of Commerce and Insurance; 4th Floor Davy Crockett Tower, 500 James Robertson Parkway, Nashville, TN 37243-1150. Residential, commercial and industrial building, take the BC exam. Tennessee has a trade exam waiver(Reciprocal)agreement with several states, therefore, if you are actively licensed in one of these states, and the type of license you are requesting requires a trade exam, you may be able to obtain a trade exam waiver. Contractor - Renewal & Retirement Section 3. The mission of the Board for Licensing Contractors is to assure quality and fair construction practices exist in all phases of the industry in order to protect the safety and welfare of the public. Please include the completed reference with your application. 1/1/2012); and South Carolina. Retirement Plans, specifically an IRA, 401K and Profit Sharing, will be allowed at 50%, Cash surrender value of life insurance policies, Trade accounts receivable and notes and other receivables that are expected to be collected within one year (if this amount represents the majority of working capital, the Board maynotutilize the full amount without a guaranty and personal financial statement). We are available Monday-Friday from 8:00 a.m. to 4:30 p.m. CST. Exemption Registry for Workers' Compensation as a "Construction Services Provider" requires registration with another section of the Secretary of State's office. If the application was lacking information and incomplete, you will be notified of additional information needed. Environmental Specialties :Asbestos Handling (S-A); Underground Storage Tanks (S-B); Lead Based Paint Abatement (S-C); Hazardous Waste Removal (S-D); and Air, Water or Soil Remediation (S-E). No. See the definition of masonry in the law in T.C.A. Renewals are mailed 90 days prior to expiration date; required to be renewed 30 days prior to expiration. For businesses that gross more than $3,000 and less than $10,000 annually. Chosen by leading organizations Secure test delivery The license is not transferable to new owners. Home ImprovementLicenses- Must be receivedby the20th of the month prior to the Board meetingto ensure it is reviewed at the next meeting. Summary 1036 0 obj <>stream To reinstate a contractor's license expired more than 12 months, a contractor must: complete the "Contractor's License Application"; select "Reinstatement" on page one (1); and list the license ID# of the expired license. For more information, see " Financial Statement Change s". A personal interview is not required unless notified to appear. Section 62-6-112 and Rule 0680-1-.16 of the Tennessee law for a complete listing, or review in the application; and also a "Classification Outline"is on the website's "Other Resources"). Certificate of Insurance for General Liability; Workers Compensation Information (Certificate of Insurance, or Construction Service Provider exemption, unless claiming the Handyman exemption); and. Net worth is total assets minus total liabilities. ), Proof of insurance Low Voltage (less than 70 volts): Sound, Intercom, Fire Detection; Telephone Lines (CE-F); and Cabling (CE-G); or *Alarm Systems (CE-D) - No exam with our Board for a low voltage CE-D; however, must obtain license with the "Alarm Systems Contractors Licensing Board" for their separate licensing and examination requirements. However, there is not a grace period under which you may perform any work as a contractor without a license. NEW! All applicants must take the Tennessee "Business and Law" exam which is open book and based upon NASCLA's Tennessee "Contractors Guide to Business, Law and Project Management" reference manual which may be purchased by the publisher, exam vender or professional book stores. Heavy Construction (HC)such as: Marine (Docks, Harbor Improvements) HC-A; Dams, Dikes, Levees and Canals (HC-D); Structural Steel Erection (HC-1); Clearing, Grubbing, Snagging and Rip Rap (HC-5); Storm Damage Restoration. Check with the local government to see if accepted. In order to apply online, you must first set up an account at https://core.tn.gov/ You will need to have a Indv/Org# to create your account. You may check the status of the license issuance at:License Search. Counties may adopt the Home Improvement License Requirement! Search Now Verify a License for example: accountants, barbers, real estate firms The law requires a Reviewed or Audited financial statement which must be prepared by a licensed independent accounting firm. Also must provide information if disclosure of convictions, complaints, or judgments is needed. Address 1 . Working Capital and Net Worth Within a reasonable time prior to the next Board meeting (requests requiring Board approval). 976 0 obj <>/Filter/FlateDecode/ID[<6CA911D0BC6E324D9FC5B595A1792774><4CB46F353E53A54FBD6213D22EF3C89D>]/Index[938 99]/Info 937 0 R/Length 166/Prev 253383/Root 939 0 R/Size 1037/Type/XRef/W[1 3 1]>>stream Forms and instructions to reinstate a contractors license is at: Doing so is a violation of law. All licenses must be renewed every two years. Now you can signup online! For more clarification to these options or access to the forms needed to complete the renewal, go to:"Renewal-Financial Options". Renewal forms are no longer mailed to licensees. Supplying false information is grounds for having a license denied. Alarm systems - Check with the "Alarm Systems Contractors Board" for their license and requirements (these licensees are exempt from a contractor's license, pursuant T.C.A.

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