A contractor operates as a sole proprietorship and wants to incorporate. They must notify LARA of the business structure change within how many days?
Correct Answer
B) 30 days
Michigan requires contractors to notify LARA within 30 days of any changes to business structure, ownership, or other material changes that affect their license status.
Why This Is the Correct Answer
Michigan requires contractors to notify LARA within 30 days of any changes to business structure, ownership, or other material changes that affect their license status.
More mi-business Questions
A Michigan contractor forms an S-Corporation. What is the maximum number of shareholders allowed?
A contractor's employee is injured on a job site in Michigan. The contractor's workers' compensation insurance has a $500 deductible per claim. The total medical costs are $12,500 and lost wages are $3,200. What is the contractor's out-of-pocket cost for this claim?
What is the minimum general liability insurance coverage amount required for Michigan residential builders?
Under Michigan Act 299, what is the consequence for a contractor who performs work outside the scope of their license classification?
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Under Michigan Act 299, what happens if a contractor continues to work without a valid license after it expires?
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