Under Act 299, a residential builder's license expires every:
Correct Answer
D) 3 years
Michigan residential builder licenses under Act 299 are valid for 3 years from the date of issuance and must be renewed before expiration.
Why This Is the Correct Answer
Michigan residential builder licenses under Act 299 are valid for 3 years from the date of issuance and must be renewed before expiration.
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A Michigan contractor forms an S-Corporation. What is the maximum number of shareholders allowed?
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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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A Michigan contractor operates as an LLC with 3 employees. The annual workers' compensation premium is $4,800, paid in 12 monthly installments. If the contractor adds 2 more employees mid-year, increasing the premium by 35%, what will be the adjusted monthly payment for the remaining 6 months?
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Under LARA regulations, how often must a Michigan contractor update their insurance information with the state?