The law requires a Reviewed or Audited financial statement which must be prepared by a licensed independent accounting firm. Allow us to find the right contractor for your project. WHAT TYPE OF FINANCIAL STATEMENT IS REQUIRED? Deadline:Contractor's license applications must be received by the Board office prior to the deadline date which is the20th of the month prior, to the Board meeting. Inform your accountant of the size license you need. Comprehensive Online Regulatory & Enforcement System. Attach an explanation where applicable. The application must be complete to be considered meeting the deadline. Are you renewing your license? Licenses with a delinquent status are typically those who owe a late fee. 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. Some files are Adobe Reader Files [pdf], 6.0 or higher. 62-6-102and covers a very broad area, which includes construction, installation, movement, repair, etc. (After a license has been expired for 3 months, must submit a new license application; less than 3 months, may renew with late fees.) See law updates for Workers' Compensation at the "Laws, Rules and Regulations" section of the website. (Water Well Drillers must be certified with the Department of Environment and Conservation and may be contacted at 800-523-4873.) Raw, undeveloped land is not a current asset. View all Residential Contractor License Types General Contractor Licensure. Staff must receive in the Board office prior to the deadline date (last day of the month prior to the Board meeting) in order to have in time to process (review, audit, copy for members, add to meeting books, etc.). Corporations and LLC must provide proof of active status with the Secretary of State which is available at: Inactive License Request(See "Retirement"), Insurance Requirements for Licensing(See Contractor and Home Improvement Forms), Bond - Indemnity Form (See "Financial Resources"), Emergency License Request(See "Hardship"), Exam Resources(See "Add Classification" resource above), Guaranty Agreement (See "Financial Resources"), Insurance Requirements (See information provided in Section 1 and 2), Merger (See Section 1 - "Contractor - New License Application"), Ownership Change(See Section 1 - "Contractor - New License Application"), Qualifying Agent (QA) Additions and Changes, Reinstatement from Retirement(See Renewal - Section 2), Workers' Compensation Insurance (see "Insurance"). See more information for"Hardship Criteria". The fee to renew your TN contractor's license is $200. Communication/cell towers; no trade exam. Confidential Records - Financial statements and indemnities are not considered public records. Medical Gas Information & Approved Providers List, Medical Gas Application as a Certification Providers, P.I.P.E - Medical Gas Certification Resource, NITC (AMGI) Medical Gas Certification Resource, Business Tax License - Local Government Contacts, Request for Copies of Insurance or Home Improvement License Bond, Additional or Second Contractor's License, Reinstatement of Expired Contractor's License(Expired 12 months or more), Change in Ownership, Merger or Reorganization, Bookstores(Code Books and Reference Manuals for Exams), Education - Continuing Education is NOT required, Exam Resources and Information for Contractors, CPA (Certified Public Accountant) and Licensed Public Accountant - Information, Insurance Requirements for Licensing (See Contractor and Home Improvement Forms), Limited Restricted Residential BC-A/r License (See section "4"), Line of Credit (See "Financial Resources"), Subcontractors - Electrical, Mechanical, Roofing, Masonry)(same as "Contractor License Application"). 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). The Board was originally established in 1931, and today remains a bridge between the consumers and contractors of Tennessee. The QA leaving needs to be reported to the Board within10 daysand this may be done by completing the revision form,"QA - Leaving Notification". Contractor's failing to complete the license renewal within 12 months of the expiration date, would need to complete the new license application. 62-6-507 and Rule 0680-07-.05). For example, a license with an expiration date of 3/31/2012 (2012 Renewal) was retired on March 1, 2012 for two years with a retired expiration date of 3/31/2014, then if the license is reactivated on June 1, 2013, the contractor would be required to pay the 2012 renewal fees ($200) when bringing out of retirement and the license expiration date would remain the same as 3/31/2014 (after renewing the 2012 renewal). This requires that you list your license ID # and the corresponding expiration date. Note:Contractors with non-tested trades or "specialty" license classifications, cannot perform any electrical, mechanical or plumbing in excess of $25,000, and would be required to subcontract to properly licensed contractors. Corporate entities need to also include proof of active status with the Secretary of State. Tennessee Contractors Count on CRS CPA ALine of Credit (LOC)in the Boards exact format may be considered to supplement working capital, only (does not supplement net worth). 615-741-8307 | 800-544-7693 | Contractors.Home-Improvement@tn.gov Contractors and Home Improvement Customer Service Center You may already have a State of Tennessee Contractor trade license, may want to register as a homeowner contractor, or you may need to hire some outside help. A Contractor or Qualifying Agent who has taken the exam and not been inactive more than two years, is typically not required to retest when obtaining an additional license (Note: must have majority ownership to be listed on more than one license). This is a separate license within the Board. Fees, reference books and online registration are available atPSI's Websiteor you may review theCIB (Candidate Information Bulletin)[pdf] on their website. 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. You may check your expiration date online at:License Search and Verification. The Home Improvement license renewal is mailed to contractors 90 days prior to the expiration date. Individual First Time Application or Applying for Another License Discipline Pending Renewals:Renewals received which lack the required financial supporting documentation, our staff will notify the contractor after the audit with options. The Board meets every other month, six (6) times per year. However, if you place the license in retirement after renewing the license, you would not be required to repay renewal fees or resubmit the financial statement, insurance, etc., since they were supplied earlier with the renewal. 1/1/2012); and South Carolina. These should be submitted assoon as completing the online renewal and may be sent to our. NOTE:All financial statements submitted should separate current portion of long term debt according to standard accounting principals. See more information below in the "Summary of Contractor License Requirements". FEES PAYABLE TO: "STATE OF TENNESSEE" DO NOT USE THIS FORM FOR THE FOLLOWING : Renewal Fee $200.00 Retirement Qualifying Agent ( QA) Change Monthly Late Fee * $20.00 License Revision (Class / Limit / Name / Mode ) Change of Ownership * Out of State - Verify Coverage for Tennessee! Limited Partnerships must register with the Secretary of State. See the"Contractor Classification Outline" to review all of the various types of contractors regulated. For those not responding within 12 months of the expiration date, the renewal form is placed in archives for storage. For questions concerning your renewal or to send missing documents, the Board's renewal section may be contacted by email at:Contractor.Renewal@tn.gov. Hardship requests (those qualifying for an early/emergency review prior to the next Board meeting) should be sent by email after completing the online application. ), Proof of insurance . Law Change - July 1, 2007 (Merged with Contractors Board), Lead Based Paint - Contractor Handbook (EPA). Retirement may be on an annual basis; biennial basis; retired with a maximum of seven (7) consecutive years; or as long as the license has an active status, it may be retired anytime by providing the $25.00 retirement fee for each year. A contractor's license is required prior to contracting (bidding or negotiating a price) whenever the total cost of the project is $25,000 or more. An interview may be required with a Board member at the regularly scheduled meeting (see "Calendar" for meeting dates) for those not meeting the criteria to have the interview waived (see "Waiver of Interview" below). Construction Manager is required to take the full BC exam. This includes new, reinstatements, second or additional license requests, and mergers/reorganizations applicants for a new contractor's license to be issued. Tennessee corporations must submit a copy of their Charter and proof showing they have registered with the Tennessee Secretary of States Office. NAME ON LICENSE How to Become a Licensed Contractor, RENEWAL The total contract should include materials, labor, and profit. The following is a list of trade exams for contractors (building, electrical and mechanical) offered and includes combined exams: *Effective May 24, 2007, must be preapproved to take theCMC-A plumbingcontractors exam by providing evidence to the Board of three (3) years' experience. **Roofing subcontractors must be licensed as a contractor, effective January 1, 2014, in addition to performing work currently as a prime, for projects $25,000 or more. 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".). Contractors with a "Retirement" status are considered "Inactive" and not licensed to perform work in an amount where a license is required; Bookstores(Code Books and Reference Manuals for Exams). 1|2|3|4|5|6|7|8, Exam Registration with PSI Services, LLC Plumbing, HVAC, Refrigeration, and Process Piping; needs full CMC (mechanical). Search Now Verify a License for example: accountants, barbers, real estate firms These applicants will receive a letter notifying an interview is required. endstream endobj startxref Tennessee Board for Licensing Contractors 500 James Robertson Pkwy, 1st Floor Nashville, TN 37243-1150 At renewal time, a contractor may supply a "Reviewed" financial statement for unlimited. The monetary limit is the total dollar amount per each individual contract or project. Exam scores are generally accepted for two (2) years by the Board. FAQs . In order to increase the license more than $125,000 to remove restriction, must take the exams and provide a reviewed financial statement. Due to changing laws, please review our website for updates. Those bidding without a license, this violation requires the license to be held six (6) months. In order to supplement the net worth on the personal statement, it would need show a minimum of $100,000 to be utilized as $50,000. in lieu of sending by mail. CURRENT ASSETSare cash and those assets that are reasonably expected to be realized in cash or sold or consumed within one year or within a businesss normal operating cycle if it is longer. 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 Submit the non-refundable $250 application fee for a two-year . DBA (Doing Business As) (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. Contact: (865) 694-6400, Memphis State Community College/@Homeprep You maydownload the renewalfrom the"Forms and Downloads". Counties may adopt the Home Improvement License Requirement! A license cannot be renewed if has been expired for 12 months; must apply for a reinstatement utilizing the initialcontractor's license application. Staff will notify applicants by email or mail to confirm receipt of your application and whether the interview is waived. Exam Prep Courses All blocks must be checked. There is not a 10% tolerance for the BC-A/r restricted residential licensees. The QA must register with PSI to take the exam. Out-of State corporations must register as a foreign corporation and submit a copy of their Charter, along with a copy of their Certificate of Authority showing they have registered their charter (we may accept a copy of their application stamped "FILED" from the Tennessee Secretary of State's office in order to meet the 20th deadline). Staff must receive within a reasonable time prior to the Board meeting to have in time to process (review, audit, copy for members, add to meeting books, etc.). We are available Monday-Friday from 8:00 a.m. to 4:30 p.m. CST. Here's how a contractor can get their license reinstated: Complete the "Contractor's License Application.". Renewal Due Date:Contractor licenses are renewed biennially and issued for two (2) years. 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. A Tennessee contractor's license is required BEFORE bidding or offering a price, for projects $25,000 and up (includes materials and labor), as a prime (general) contractor; and also subcontractors performing electrical, mechanical, plumbing, HVAC, roofing and masonry are also required to be licensed as a contractor, when the total portion on the AGuaranty Agreement (GA)may be supplied with a contactor's personal financial statement or parent company's financial statementto supplement the licensed entity's working capital and net worth. 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). " * " are required. There is a grace period of 7 days after your license expires to have your renewal application postmarked. Such as, change the mode of operation; increase their licensed monetary limit; add a classification; add or remove their Qualifying Agent; or may retire the license if they are not working and want to cancel insurance. Check Your Status For Free Make sure you're in good standing with a free nationwide compliance analysis. Out-of-state contractors may register with PSI to take exams at any of their exam centers (offered in over 26 states). Pay close attention and select "Reinstatement of Expired License" on Page 1. Doing so is a violation of law. In lieu of taking the "BC-A" residential trade exam and "Business & Law" exam, residential contractors wanting to perform work where the cost is less than $125,000 (based upon financial statement), may take a "Limited License" course with a Tennessee community college or vocational school. Alist of these course providersare available from our website. Therefore, a written request would need to be submitted with your contractor's license application to be reviewed by the Board at their next regularly scheduled board meeting. Effective April 28, 2017, Public Chapter 237 changed the financial statement requirements for contractor licensing. A BC-B or BC is needed to build a water/sewer plants or to get a MU classification. To ensure timely receipt of all license maintenance information, be sure to notify the Board of any change to the address maintained on Board records. Renewals- Due30 days prior to the expiration date(to prevent working on an expired license). The Secretary of States office may be contacted at (615) 741-2286 or visit theirwebsite. If you need more instructions or a balance sheet, it is available in the paper renewal form at: Fire Prevention / State Fire Marshal's Office, Tennessee Law Enforcement Training Academy, Peace Officer Standards Training Commission, Fire Services & Codes Enforcement Academy, Residential Continuing Education (RCE) Providers, Section 1. A Tennessee contractor's license is requiredBEFOREbidding or offering a price, for projects$25,000 and up(includes materials and labor), as a prime (general) contractor; and also subcontractors performing electrical, mechanical, plumbing, HVAC, roofing and masonry are also required to be licensed as a contractor, when the total portion on the project is $25,000 or more; masonry, when $100,000 or more. In order to renew your residential contractor license without issue, you will need to complete your RCE before submitting your license renewal application.
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