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We are available Monday-Friday from 8:00 a.m. to 4:30 p.m. CST. The staff will process your license to be issued after approval by the Board meeting. Working capital is current assets minus current liabilities. In addition, the contractor should only operate in the name as licensed. 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, Contractors Renewal Retirement and Revisions. The supplemental statement is only used upto 50%. Commerce and Insurance Customer Service Centerk - Tennessee Since the limit is based on the lesser of the two, a contractor with a working capital of $10,000 and net worth of $200,000 would qualify monetarily for a limit of $100,000. A license cannot be renewed if has been expired for 12 months; must apply for a reinstatement utilizing the initialcontractor's license application. The renewal fee is $200 and each month late is $20. Pay close attention and select "Reinstatement of Expired License" on Page 1. TENNESSEE SECRETARY OF STATE If you have not already registered for this new system, please submit under the New Application tab. The application for a certificate of renewal must be submitted to the Secretary of State on or before March 1 of each year. %%EOF Renewals- Due30 days prior to the expiration date(to prevent working on an expired license). 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. Supplemental Working Capital and Net Worth. Upon receipt of the increase request, it will be presented to the next regularly scheduled Board meeting; no interview is required for revision requests. Documents with social security numbers are redacted. Check Your Status For Free Make sure you're in good standing with a free nationwide compliance analysis. We develop specialist and diverse computer based test content and deliver flexible and secure testing options for over 35 State licensing boards - with end-to-end testing services for construction, contractor and trades. Renewal Applications Approximately 60 days before your license is due to expire, CSLB will send you a renewal application. hb```"76!b`0p(40t6*Lf Certificate of Insurance for General Liability; Workers Compensation Information (Certificate of Insurance, or Construction Service Provider exemption, unless claiming the Handyman exemption); and. However, if the contractor is not building on the consumer's land, then it would be part of the total contract price; could not be split into two contracts, one for land and one for the house. 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. 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.). Raw, undeveloped land is not a current asset. The application is reviewed and general questions will be asked about contracting experience and to make sure the license classification covers your type of projects. A business license is needed for any business with a physical location in the county whose gross annual receipts are $3,000 or more; anything under $3,000 is exempt. Please ask your CPA/LPA to assist you with determining the amount of your working capital and net worth to ensure you qualify for the limit requested. The monetary limit is the total dollar amount per each individual contract or project. Tennessee Contractors Count on CRS CPA Check with the Board's roster of licensed contractors to ensure the name on the license is available at:https://verify.tn.gov/ Effective July 1, 2014, the name on the license cannot be similar to another licensed entity. The issuance of a certificate of responsibility or residential license by reciprocity to a military-trained applicant or military family member shall be subject to the provisions of Miss. Please allow 5 to 7 business days for mail delivery. 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. In order to obtain a certificate of renewal, the following must be completed. Obtaining a License You may obtain your business license at the finance department, by mail, or download the application. This information is available on the"Forms Downloads"section on the web. In order to hold a license with a limit of $150,000, you would need to showworking capitalandnet worthof at least $15,000, as well as experience for this amount. Trade Exam Waivers(Reciprocation) We expect the system to be down for maintenance every Thursday beginning at 5:15 p.m. CST for up to 30 minutes. Filings may be submitted with them beginning November 7, 2022 at tn.gov/exemptionregistry For questions regarding Worker's Compensation Exemption filings, please call (615)532-1319 Secretary of State Tre Hargett Therefore, a limited licensee cannot perform projects larger than the monetary limit placed on their license. Submit the non-refundable $250 application fee for a two-year . Parent Company Guarantor - Guaranty Agreement must include a financial statement from the parent company and it is not required to be an audit or review, unless, the subsidiary did not supply the audit or review. Contractors and Home Improvement - Customer Service Center - Tennessee A contractor with a $200,000 limit may construct as many of these homes as long as each one does not exceed the limit. 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. Generally, current assets include the following: Note: The Board doesnotconsider notes receivables from related parties as a current asset. Request information on this class. PSI offers special accommodations for those with disabilities and this information is in the "Candidate Information Bulletin". https://core.tn.gov. LICENSE REVISION REQUESTS(Most Require Board Review - Deadline date to provide to the Board office is within a reasonable time prior to the next regularly occurring meeting of the Board.). Contact: (615) 353-3333, Chattanooga State Community College The exam vendor, PSI Services, LLC, administers the exams. 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. Contractors Renewal Retirement and Revisions - Tennessee Personal or parent supplemental statements are limited to 50% of working capital and net worth. 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. If you do not see a trade exam which falls within your profession, a trade exam probably is not required, but feel free to contact our office by fax at: (615) 532-2868 orby email at:Contractor Exam Informationor you may call the office at 800-544-7693 or direct at (615) 532-3983. STEP 1 - TESTING: Contact testing center to schedule exam (s) STEP 2 - FINANCIAL STATEMENT: Contact a Licensed CPA/PA (Licensed Certified Public Accountant or Public Account) STEP 3 - LETTER OF REFERENCE. To obtain a license to only perform projects less than $25,000, check with the local government office to obtain their license. Masonry- Licensed Masonry Contractor (LMC) exam is required to perform masonry where the total project, including materials and labor, is $100,000 or more. The application form can also be obtained from the Business Tax Department in the Office of the Rutherford County Clerk. The initial license is $15 and is payable to the city and county, thereafter payments are made to the State of Tennessee. If you have more than one (1) license with the Department of Commerce and Insurance, you may add these to your account. Are you renewing your license? Do NOT exceed the monetary limit on license prior to obtaining approval and a revised license by the Board. Supplying false information is grounds for having a license denied. City . Therefore, some contractors will be seen earlier. See the Law and Rulesfor legislative updates. The Blount County, TN County Clerk provides an application for a Business license on the County Clerk's Online Services webpage. IMPORTANT: If you have not received your renewal application from the CSLB within 45 days of the expiration date, you need to order a renewal online or by calling the CSLB at 1-800-321-CSLB (2752). Letter of Reference Country . Registering for the Exam Exam scores are generally accepted for two (2) years by the Board. For more information relative to renewals, you may contact our office by email at:Contractor.Renewal@tn.gov -or- Fax: (615) 532-2868 -or- Call our office at (615) 532-3985 or (615) 532-3994. License Renewal - YouTube Please allow an additional 5 to 7 days for mailing any revision requests. Electrical wiring contracts inexcess of $25,000, need the CE exam. WARNING:A contractor does not have a grace period to continue to contract once the license expires. Licensing offers the consumers a mechanism to voice their concerns. ), Fire Protection/Sprinkler contractors must pass the contractor's CMC-D exam. Inform your accountant of the size license you need. 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 Asbestos Online Licensing - PLA Telephone: (615) 741-8307 or. The Secretary of States office may be contacted at (615) 741-2286 or visit theirwebsite. If the gross receipts are $3,000 to $9,999, the . See T.C.A. In addition, an interview with the Board is required. PSI has testing centers all over, including throughout Tennessee, as well as in other states. Applications are due on the 20th of the month prior to the Board meeting. You may also check with the National Inspection Testing Certification (NITC) for local certification locations at 877-457-6482. If submitting a change at the time of renewal, it may be delayed since the Board must review at their regularly scheduled meetings. **Roofing subcontractors must be licensed as a contractor, effective January 1, 2014, in addition to performing work currently as a prime, for projects $25,000 or more. Any renewal lacking information will be sent a letter notifying the contractor to respond within 30 days. There are different types of contractors' license classifications requiring exams: Building (BC) - Combined for Residential, Commercial, Industrial); Residential Building (BC-A); Commercial Building (BC-B); Small Commercial (BC-b(sm); Industrial Building (BC-C); and combined building, such as BC-A,B; Electrical (CE); Mechanical (CMC); Plumbing (CMC-A); and Masonry (LMC). Allow us to find the right contractor for your project. The "Online Renewal" process is the quickest and most convenient way to renew. ALine of Credit (LOC)in the Boards exact format may be considered to supplement working capital, only (does not supplement net worth). If you have complaints, convictions or have bid where a license is required, you will be required to interview with the Board. To reinstate a contractors license expired more than 12 months, a contractor must: complete the Contractors License Application; select Reinstatement on page one (1); and list the license ID# of the expired license. Hardship requests (those qualifying for an early/emergency review prior to the next Board meeting) should be sent by email after completing the online application. If there is a change in ownership with the remaining owners of the existing partnership or corporation licensed, you must notify the Board office in writing and supply the financial responsibility (surety bond) for the existing owners within 30 days, and may be required to supply a new license application if it is a change of 25% or more. Also must provide information if disclosure of convictions, complaints, or judgments is needed. hbbd```b``"WH&) f5A${;X}6l`` zg0;DrH 2 DH8d bl + NON-CURRENT ASSETSare the following and not current assets, since they generally are not expected to be converted into cash within one year: *The Board may accept a Guaranty Agreement from stockholders or related parties, supplied with their financial statement, to consider counting this as a current asset. To renew online, you must first set up an account and will need to have a Indv/Org # located on your notice of renewal. For more information, see Financial Statement Changes. Business License | City of Franklin, TN Notices to renew online are mailed to licensees 90 days prior to expiration date with online renewal instructions. The contractor's license is issued in the legal name and mode of operation exactly as on the financial statement. If bringing a contractor's license out of retirement during the second year of the renewal cycle, the law does not provide a means to waive one year of the renewal fee. (Refer to T.C.A. This step-by-step tutorial will guide you through the online renewal process.https://core.tn.gov May apply in a new name, mode of operation, different monetary limit or classifications. For more information, see " Financial Statement Change s". The Qualifying Agent (QA) is the person who has been designated to take the exam(s) for the entity obtaining the license and they may be an owner, or a full time employee or officer (those without ownership would need to complete the Power of Attorney (POA) as part of our license application, but donotsend the POA to the testing center). The QA must register with PSI to take the exam. Personal Guarantor - Guaranty Agreement must include a personal financial statement from the owner(s) and is not required to be an audit or review; may self prepare personal supplemental financial statements with the entity's Review or Audit. Tennessee corporations must submit a copy of their Charter and proof showing they have registered with the Tennessee Secretary of States Office. Effective September 25, 2012, the Board considers indemnities as part of the financial statement. Communication/cell towers; no trade exam. Renewal Due Date:Contractor licenses are renewed biennially and issued for two (2) years. Renewal license fees - $50 Reinstatement (expired more than 3 months) fees - $75 Mailing Address Mail your completed application to: Tennessee Board for Licensing Contractors 500 James Robertson Pkwy. 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. Only one reference letter is necessary. WAIVER OF INTERVIEW The license must be renewed at the end of the fiscal year end of the business. For those not responding within 12 months of the expiration date, the renewal form is placed in archives for storage. Contractors may apply for a license revision in order to make changes. You are breaking the law if you do. Please allow 5 to 7 days for mail delivery when submitting prior to the deadline date. Fire Prevention / State Fire Marshal's Office, Tennessee Law Enforcement Training Academy, Peace Officer Standards Training Commission, Fire Services & Codes Enforcement Academy. Click Here for Minimal Activity Business License Application For more clarification to these options or access to the forms needed to complete the renewal, go to:"Renewal-Financial Options". Use this time to ask the Board member advice or the staff questions concerning the licensing law. ), 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. See more information for"Hardship Criteria". The contractor could supplement their reviewed for audited financial statement with a "Line of Credit" (on the Boards format) in the amount of $5,000 to increase working capital; or. PSI uses your social security number to register for the exams for identity purposesand you are required to provide a photo-ID. Contractor License - Application For New (Initial); Reinstatement; or Additional Licenses Section 2. and also your license monetary limit. Attach an explanation where applicable. Contractors working on an expired license may not be entitled to recover monies owed on a project or have lien rights. Cannot use a family member's reference. A contractor may obtain a limited residential restricted (BC-A/r) contractor's license, up to $125,000 without passing license exams, by taking a course approved by the Board with one of the following state community colleges listed below. Monetary LimitAssigned See more information below in the "Summary of Contractor License Requirements". 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. Corporate entities need to also include proof of active status with the Secretary of State. The fees associated with issuance or renewal of a City of Knoxville plumbing contractor (PC) license are as follows: Application fee: $30.00 License fee: $300.00 Await Results Typically, processing of a license request will be completed after no more than 1-2 business days. See Public Meetings Information for more information. The contractor license renewals cost $200. This requires that you list your license ID # and the corresponding expiration date. Certificate of Insurance for General Liability; Workers Compensation Information (Certificate of Insurance, or Construction Service Provider exemption, unless claiming the Handyman exemption); and. The total cost of the project includes land, materials, labor, as well as profit. During the application process you will be prompted to upload the following information: A copy of the State of Tennessee LLE license or evidence of passing test score on a State of TN approved exam (CE without Business and Law exam), Reinstating an Expired Contractor's License in Tennessee See"Public Meetings Calendar"for dates. Contractors should check with the license roster to ensure the *name they choose for the license is available and this may be confirmed at:https://verify.tn.gov. Working Capital and Net Worth There is not a 10% tolerance for the BC-A/r restricted residential licensees. 938 0 obj <> endobj At the "License Search", the license status will show "Active" with an expiration date; classification; an the monetary limit assigned to the license. Renewals are due30 days prior to expirationto prevent contracting while unlicensed. The Board specifies the exact type of work you perform, such as "S-Installation of Paint Finishing Equipment", "S-Solar Panel (must have a CE electrical license to perform electrical wiring or hire an electrical subcontractor); S-Meter Installation (must have a CE electrical license to perform electrical hook-ups). thZX*CE$b'6s e+F``l "@N@Bo#VbU]x9$>p'D@{?4-T]6jeX0ZP K_ License has not been expired more than 24 months; If it has been more than 24 months, as long as the QA has been active in the industry by working for another contractor, as a subcontractor or in another state, may request to be waived by providing evidence of recent experience. Doing so may be considered as a security breach of the confidential exam questions. Subscribe for Board Updates . See "Reciprocal" information for trade exam waivers. The law requires renewals to be submitted to the Board30 days prior to the expiration datein order to prevent working on an expired license, which is considered a violation of law. You maydownload the renewalfrom the"Forms and Downloads". Some applicants may be required to take atradeexam (see list of trade exams below). 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. Contractor License - Application For New (Initial); Reinstatement; or Additional Licenses, Exam Information - Candidate Information Bulletin, Exam -PSI's "Candidate Information Bulletin", Contractor License Classifications - Outline, Corporation/LLC/LLP(Registration with the Secretary of State), Business & Law Reference Manual(NASCLA - Online Order), Pre-Approval for Plumbing/Mechanical CMC/CMC-A, Reciprocation - Waiver of Trade Exam / License Verification Form, Guaranty Agreement and Bond Forms - Policy, Guaranty Agreement (Format and Instructions), Registration for Exemption - Construction Services Provider, Tennessee International Chamber of Commerce, Residential Restricted License Information (BC-A/r), Tax / Business Licenses, etc. Monetary limits are based 10 times the lesser of both working capital and net worth (plus experience). What if the QA leaves? BC-A/r contractors may apply for an increase to their license limit by completing theIncrease Requestrevision form and supplying the required reviewed financial statement, prepared by a CPA, that supports the amount requested and list of experience (all instructions are included in the revision form). Renewals should be submitted to the Board's office30 days prior to the expiration date. 4th Floor, Davy Crockett Tower Nashville, TN 37243-1150 If the working capital is mainly uncollected accounts receivable, the Board may not utilize the full amount. Examples for trade exams needed for classifications: Be sure to check in the county you plan to work.