This includes new, reinstatements, second or additional license requests, and mergers/reorganizations applicants for a new contractor's license to be issued. All the steps to reinstating a contractors license are the same as obtaining a new license, with the exception of the exams. Working capital is current assets minus current liabilities. Also must provide information if disclosure of convictions, complaints, or judgments is needed. Department of Commerce & Insurance Administration License Roster Search License Search and Verification We are upgrading verifty.tn.gov to Public Search. Walk-ins are not allowed and you must schedule an appointment ahead of time, but exams are offered daily. If fee is submitted prior to the expiration, your renewal status will remain active, however, you cannot contract or perform work where a license is required, until the expiration date is updated showing the license was approved and issued. Municipal Utility (MU)such as: Underground Piping (MU-A); Grading and Drainage (MU-C); Gas Distribution and Transmission Lines (MU-A,1). Audio and low voltage equipment - No trade exam; specialty license or CE-D. The Board meets every other month, six (6) times per year. The law requires a Reviewed or Audited financial statement which must be prepared by a licensed independent accounting firm. The staff will process your license to be issued after approval by the Board meeting. Build homes and commercial projects, (such as a doctors office, less than $750,000), need the BC-A and BC- b(sm) exams OR may take the combined BC-A,b(sm). hb```"76!b`0p(40t6*Lf Guaranty Agreement Board Rules and Regulations . Within a reasonable time prior to the next Board meeting (requests requiring Board approval). Contact: (865) 694-6400, Memphis State Community College/@Homeprep The license is issued for two years. The following states have agreed to accept many exams with Tennessee, therefore, if you are actively licensed without disciplinary action, we will accept their trade exam score from: Alabama (Building, HVAC and Electrical Boards); Arkansas; Georgia (Commercial); Louisiana; Mississippi; North Carolina (Residential and Commercial, only); Ohio (Electrical, HVAC and Refrigeration - eff. Renewals are mailed 90 days prior to expiration date; required to be renewed 30 days prior to expiration. Please allow 5 to 7 business days for mail delivery. STEP 5 - CORPORATIONS AND LIMITED LIABILITY COMPANIES. Country . Currently, only the Increase Monetary Limit and Transfer-Change Mode of Operation applications are available online. See the"Contractor Classification Outline" to review all of the various types of contractors regulated. A BC-B or BC is needed to build a water/sewer plants or to get a MU classification. A "Reviewed" or Audited financial statement from a CPA is required to renew for those with a monetary limit of$3,000,001 to Unlimited. We expect the system to be down for maintenance every Thursday beginning at 5:15 p.m. CST for up to 30 minutes. Specialties :Cell/Communication Towers; Equipment Installation; Vinyl/Wood Siding; Fabrication of Above-Ground Storage Tanks/Vessels; Glass Installation; etc. 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. If you need more instructions or a balance sheet, it is available in the paper renewal form at:https://tn.gov/commerce/documents/regboards/contractors/forms/ContractorsRenewalWeb.pdf. NAME ON LICENSE CURRENT LIABILITIESare obligations whose liquidation is reasonably expected to require (a) the use of current assets or (b) the creation of the other current liabilities. Effective April 28, 2017, Public Chapter 237 changed the financial statement requirements for contractor licensing. 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. Contractors in Tennessee can manage their licenses through the state's CORE (Comprehensive Online Regulatory & Enforcement) system. The classification for this license is " BC-A/r". number at this time, however, it is not approved until the full Board votes during their business meeting. Deadline Date for License Revision Requests: The Board may limit the monetary license limit based on prior experience. 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. Clickhereto view a video demonstration on how to create an account. *Note: Check with theDepartment of Labor and Workforce Developmentfor other requirements for Elevators and Boilers. If licensed as a Corporation or LLC, ensure the status is active with the Tennessee Secretary of State's office at: Balance Sheet did not list assets and liabilities (current and non-current), Financial Statement is not in the name as licensed, Name Change or Mode Change may be requested to the Board by completing a license revision form(it is encouraged to do so prior to renewing), Working Capital and Net Worth do not support monetary limit on license. Submit the non-refundable $250 application fee for a two-year . 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. 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. 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. 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. License certificates are issued after the Board meeting and they take approximately 1 to 2 weeks for staff to complete. . May apply in a new name, mode of operation, different monetary limit or classifications. Always allow30 daysfor processing! NOTE: If you currently are licensed with a Tennessee Contractor's License and wish to make changes to your existing license, see the "Revision" information in "Section 3". Corporate entities need to also include proof of active status with the Secretary of State. 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.). An indemnity, such as a Guaranty Agreement or Bond is required from the owner(s) (personal or parent) of the entity applying for the license whenever the financial statement provided shows a deficiency, such as: IS FINANCIAL STATEMENT INFORMATION CONSIDERED PUBLIC RECORD? In this case, only take the "Tennessee Business and Law" exam. Cannot use a family member's reference. Tennessee Board for Licensing Contractors 500 James Robertson Pkwy, 1st Floor Nashville, TN 37243-1150 Those needing a license revised prior to the Board's next meeting may qualify as a"Hardship"(request for early/emergency review) if the owner of the project needs and supplies the request. ), Proof of insurance A personal interview is not required unless notified to appear. Business and Law exam is NOT required to be retaken, BC-A/r (Restricted Limited License) expired licensees must retake the course, The original Qualifying Agent (QA) is still with the company. Please review T.C.A. A letter notifying receipt will be sent to all applicants (Do NOT contract prior to being approved by the Board.). Effective September 25, 2012, the Board considers indemnities as part of the financial statement. The supplemental statement is only used upto 50%. WHAT TYPE OF FINANCIAL STATEMENT IS REQUIRED? Renewals should be submitted to the Board's office30 days prior to the expiration date. In addition, disclosures of felony, complaints and unpaid judgments relative to construction should also be included. The contractors interview may be waived if the contractor's application was received complete and in order. It is your responsibility to follow-up to ensure the renewal has been issued. The license does not have to be reinstated the same as it was prior to expiring. 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. Some applicants may be required to take atradeexam (see list of trade exams below). For more information, see " Financial Statement Change s". Steps to Starting a Business Online Applications Submit Here Short Term Rental Application Contact Us Business Tax Division Physical Address View Map 150 Washington Avenue (Downtown Office) Second Floor Memphis, TN 38103 Directions Phone: : (901) 222-3059 East Branch Office 1075 Mullins Station Road West Wing Memphis TN, 38134 Hours Downtown Office Examples of the 34 building subcategories: BC- 7 (Institutional and Recreational Equipment); *BC-17 (Elevators, Escalators, and Dumbwaiters); BC-27 (Outdoor Advertising); BC-29 (Landscaping); BC-28-Excavation; BC-31 (Demolition); etc. Nashville, TN 37243-1150. In order for Contractors to retain renewal rights, they must respond in writing with the required information within 12 months of expiration date or place license in "Retirement". A contractor cannot split a contract into phases to work within their limit, however, a 10% tolerance is allowed. This is a separate license within the Board. You are breaking the law if you do. However, due to scheduling volume, waiting time could take more than an hour. 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 testing center does not allow using books which have notes written inside and you may not write in the books during the examination. Supplying false information is grounds for having a license denied. Pay close attention and select "Reinstatement of Expired License" on Page 1. The total contract should include materials, labor, and profit. Raw, undeveloped land is not a current asset. 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. Payment can be made by personal or cashier's check, but not cash or credit cards. 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. Be sure to list all experience of owners and officers. If you have complaints, convictions or have bid where a license is required, you will be required to interview with the Board. TCA 62-6-111; TCA 62-6-116; 62-6-124; Rule 0680-1-.13; Rule 0680-1-.14; and Rule 0680-1-.15. First Name * Last Name * Email * Primary Phone * Address. - "OneStop Resource", Duplicate License Certificate - Request Form, FEIN / EIN - Federal Employer Identification Number, Workers' Comp Exemption Registry as Construction Services Provider, Section 2. (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. 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. Contractors who are not currently working, may place the license in"Retirement"in lieu of renewing, to retain renewal rights (renewal rights expire after 12 months). The expiration date is on the last date of the month, in which the license was originally issued. For businesses that gross more than $3,000 and less than $10,000 annually. 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. Exam Prep Courses Certificate of Insurance for General Liability; Workers Compensation Information (Certificate of Insurance, or Construction Service Provider exemption, unless claiming the Handyman exemption); and. There is not a 10% tolerance for the BC-A/r restricted residential licensees. 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. In addition, the financial statement may be examined by the Comptroller of the Treasury or their designee. Be sure the affidavit is signed and notarized by all applicable individuals (qualifying agent, owner(s), partners, members, main officers and major stockholders). Inactive License Request(See "Retirement"), Reinstate from Retirement(Use "Renewal" form), Workers' Compensation Insurance (see "Insurance"), financial statement; certificate of insurance of general liability; RCE; proof of insurance or exemption for workers' compensation. "Contractors" and "Home Improvement" are the only license applicants requiring Board approval, unless, there have been complaints, felony convictions; or reinstatements of LLE or LLP to waive the exam. Exam scores are generally accepted for two (2) years by the Board. 62-6-135. For more clarification to these options or access to the forms needed to complete the renewal, go to:"Renewal-Financial Options". Expiration date of 10/31/2013 would not owe a late fee as long as the renewal was received (not postmarked) by November 7th. A"Trade"exam may also be required, depending on the type of license classification requested (see"Contractor Classifications Outline"). The Secretary of States office may be contacted at (615) 741-2286 or visit theirwebsite. ), Fire Protection/Sprinkler contractors must pass the contractor's CMC-D exam. 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. See more information below in the "Summary of Contractor License Requirements". The Board office cannot fees in their office and must be provided to the Cashier. The license is not transferable to new owners. The fee to renew your TN contractor's license is $200. Be sure to review important guidelines in PSI's "Candidate Information Bulletin" as to the reference materials (code books, etc.). Those who are obtaining a restricted residential (BC-A/r) must interview; those with not enough experience provided on the application (3 years); those with felony convictions; and those with complaints are also not waived. Attach an explanation where applicable. Renewals- Due30 days prior to the expiration date(to prevent working on an expired license). 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. If you prefer to renew by mail, you may print the renewal form below. 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). Renewal forms are no longer mailed to licensees. TENNESSEE DEPARTMENT OF REVENUE All licenses must be renewed every two years. Contractor Renewal To renew your Contractor License, go to MyLicense.IN.gov and select Login or Register for your MyLicense account. Letter of Reference ALine of Credit (LOC)in the Boards exact format may be considered to supplement working capital, only (does not supplement net worth). This would also be the case for a contractor wanting to reinstate an expired contractor's license. Monetary limits are based 10 times the lesser of both working capital and net worth (plus experience). For example, if a residential contractor is building a house for a consumer, on their land, the land would not be part of the contract. 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.
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