Colorado residential appliance installer license prep class free instal

Repair of any type occupancy classification allowed by this Code, with the exception of Repair of any type or size of structure permitted by this Code. This license shall entitle the holder to contract for the construction, alteration and For this reason, most companies opt to incorporate with a form of ownership that gives protection from unlimited liability.RBC203.2 BUILDING CONTRACTOR A (GENERAL COMMERCIAL) The owner's personal assets, like house and car, can be seized and sold by creditors to satisfy the financial obligations of the business that go unpaid. Unlimited liability means full legal responsibility for all business debts and liabilities and the liability is not capped. While a sole proprietorship has some attractive features for construction contractors who work alone, it has one serious disadvantage - unlimited personal liability for the debts and liabilities of the business. Pass-through taxation means that there is no business entity itself which pays taxes on the revenues of the business, but profits are passed through to the owner who pays personal income tax, so the revenue is only taxed once. The advantages of such a form of ownership is pass-through taxation and less government regulation, since the business is unincorporated.

All exams are written by leaders in their respective fields.Ī sole proprietorship is an unincorporated business that just has one owner. Answers are fully explained and scoring is instant. Or, for complete practice, our Contractor License Exam Practice has 5,000 trade questions from 15 exams in the areas of electrical, plumbing, HVACR, welding and carpentry. General Contractor Business and Law Practice Exam

The trade portion of the exam will cover subjects such as plan reading and estimating, site engineering, sitework and excavation, footings and foundations, concrete, masonry, carpentry, metals and safety.įor specific practice of the contractor business and law exam or other trades, try the following: The business and law portion will cover such subjects as contracts, estimates, bidding, bonding, accounting, business forms, environmental regulations, safey and quality control. To get licensed, you may need to take a business and law exam, as well as a trade exam. Many states require building contractors to be licensed. Try this free general contractor practice exam to get an idea of what type of questions are on an actual contractor's licensing exam.

Colorado residential appliance installer license prep class free instal