tn contractors license renewal application

Individuals, those acting as the Qualifying Agent (QA) for the entity obtaining the license, may take the exam(s) on behalf of the business. Contractors in Tennessee can manage their licenses through the state's CORE (Comprehensive Online Regulatory & Enforcement) system. Doing so could prevent being awarded the contract, civil penalties and license held for up to six (6) months. In addition, only silent, non-programmable calculators may be used when taking the exam. What if the QA leaves? 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". Click Here for Minimal Activity Business License Application Once completed, the form provides the information necessary to create a record of your business; classify the business; and issue a license. To obtain your Indv/Org#, you may contact Customer Service or 615-532-3985 (be sure to include your license number). Bidding and contracts must be in the exact name as licensed, as well. and also your license monetary limit. 62-6-118 and 120. The license is issued for two years. Cash only statements must include a Guaranty Agreement with a supplemental financial statement, as well as those with the majority of capital listed as uncollected accounts receivables. 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 More information is on the "Other Resources" section of our website or at:Insurance Information. In addition, an interview with the Board is required. Clickhereto view a video demonstration on how to create an account. 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. Contact: 800-952-0910, McMinnville TCAT (Tennessee College of Applied Technology Parent company may supply the Audited financial statement for a subsidiary obtaining the license, but must provide an indemnity, such as a Guaranty Agreement or Bond. The application must be complete to be considered meeting the deadline. Net worth is total assets minus total liabilities. Click here to signup. 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. All applicants must pass the Business and Law exam before becoming licensed contractors in Tennessee. 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. Renewals are due30 days prior to expirationto prevent contracting while unlicensed. Retirement may be on an annual basis; biennial basis; retired with a maximum of seven (7) consecutive years; or as long as the license has an active status, it may be retired anytime by providing the $25.00 retirement fee for each year. There are two types of exams: The Tennessee"Business and Law"exam is required byallcontractor license applicants. Business & Law(required for all new applicants; does not have to be taken by the same person taking the trade exam)and a trade exam may also be required. *Highway, Railroad and Airport (HRA)such as: Grading and Drainage (HRA-A); Base and Paving (HRA-B); Bridges and Culverts (HRA-C);**Well Drilling (HRA-E.4). 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? *Effective July 1, 2014, the name cannot be similar to another licensee. To obtain an unlimited monetary limit on a license, the contractor must show $300,000 in both, working capital and net worth, as well as experience, with anauditedfinancial statement. Examples for trade exams needed for classifications: Be sure to check in the county you plan to work. For example, if you plan to contract homes no more than $150,000 per contract, your CPA can help determine if your financial statement meets the criteria. Prepaid expenses such as insurance, interest, rents, taxes, etc. 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. AGuaranty Agreement (GA)may be supplied with a contactor's personal financial statement or parent company's financial statementto supplement the licensed entity's working capital and net worth. FAQs . Business and Lawexam is NOT required to be retaken. 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. Also must provide information if disclosure of convictions, complaints, or judgments is needed. 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. For an LLE license application, call our office at (615) 253-2144 or download from the. A contractor may place their active license into retirement, anytime after renewing the license (such as, due to canceling insurance while not working) or prior to the license expiring; If the contractor's license has expired (less than 12 months), they may retire by submitting the renewal and lates fees; plus the retirement fee. 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). 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.). Contractor - Renewal & Retirement, https://tn.gov/commerce/documents/regboards/contractors/forms/ContractorsRenewalWeb.pdf, https://tnbear.tn.gov/Ecommerce/FilingSearch.aspx, here to view a video demonstration on how to create an account, here to view a video demonstration on how to renew a license online, Corporate / LLC - Check Status with Secretary of State, Financial and Renewal Instructions Booklet, Guaranty Agreement and Bond Forms and Policy, Optional Forms for Supplemental Financials, Workers' Compensation - Verify Coverage for Tennessee, Reinstatement of Expired License (More than 12 months) - Requires New Application, Section 3. If you'd rather not apply by snail mail, the contractor license Tennessee application will allow you to . TENNESSEE SECRETARY OF STATE You may register online with PSI to schedule an exam (they are set up by appointment) and offered in various locations statewide. 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. 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. However, if you place the license in retirement after renewing the license, you would not be required to repay renewal fees or resubmit the financial statement, insurance, etc., since they were supplied earlier with the renewal. Note:It is up to the Board to determine whether the exam would need to be retaken on waiver requests and they would make this decision upon reviewing the complete application at the Board meeting; staff cannot make this determination. Are you renewing your license? 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. Submit the non-refundable $250 application fee for a two-year . An in-house financial statement must be provided by the subsidiary (entity obtaining the license), in addition to the parent company's audited financial statementand indemnity. Thepre-approval formis located in the "Candidate Information Bulletin" or from our website and may be faxed or emailed to the Board's office at: Fax# (615) 532-2868; orE-mail Contractor.app@tn.gov or call (615) 741-8307. 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.). The Regulatory Licenses currently available include those professions regulated and licensed within the Department of Commerce and Insurance, Division of Regulatory Boards, and the Department of Agriculture, Division of Consumer and Industry Services. If the working capital is mainly uncollected accounts receivable, the Board may not utilize the full amount. More examples are provided in the"Contractor Classifications Outline"as well as a list of all exams in PSI'sCandidate Information Bulletin. Contractors in Tennessee can manage their licenses through the state's CORE (Comprehensive Online Regulatory & Enforcement) system. Contact theDepartment of Revenuefor obtaining a local Business tax license for each city or county where you plan to perform work. Be sure the affidavit is signed and notarized by all applicable individuals (qualifying agent, owner(s), partners, members, main officers and major stockholders). Types of Contractors (Prime, Subcontractors and Construction Managers) Address 2 . In order to increase the license more than $125,000 to remove restriction, must take the exams and provide a reviewed financial statement. You may also call PSI (800-733-9267), however, online is found to be quicker. The fee to renew your TN contractor's license is $200. Request information on this class. Marketable securities representing the investment of cash available for current operations, including investments in debt and equity securities classified as trading securities. The Board office cannot fees in their office and must be provided to the Cashier. in lieu of sending by mail. These applicants will receive a letter notifying an interview is required. Step 1: General Renewal Information What you need to know about the expiration of your license and general renewal information Step 2: Completing Your Renewal Application Instructions for completing a renewal application Step 3: After Submitting Your Renewal Application The renewal process and how to ensure your license has been renewed A homeowner is exempt from obtaining a home improvement license to perform work on their own property. Personal or parent supplemental statements are limited to 50% of working capital and net worth. An interview is not required, unless, there are complaints or felony convictions. Such as, change the mode of operation; increase their licensed monetary limit; add a classification; add or remove their Qualifying Agent; or may retire the license if they are not working and want to cancel insurance. Specialties :Cell/Communication Towers; Equipment Installation; Vinyl/Wood Siding; Fabrication of Above-Ground Storage Tanks/Vessels; Glass Installation; etc. (Must attach designated qualifying agents (QA) training certifications and resum'e in these areas.) In addition, the financial statement may be examined by the Comptroller of the Treasury or their designee. In addition, a sub to a sub would need to be licensed whenever there are more than one (1) subcontractors on the project. Expiration date of 10/31/2013 would not owe a late fee as long as the renewal was received (not postmarked) by November 7th. 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.). https://core.tn.gov. 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). Be sure to review important guidelines in PSI's "Candidate Information Bulletin" as to the reference materials (code books, etc.). The total contract should include materials, labor, and profit. License classifications and monetary limits are based on experience, equipment, as well as a trade exam in some cases. Doing so is a violation of law. This limit must cover the total project and it cannot be split into phases of smaller contracts to circumvent the law. Contact: (615) 353-3333, Chattanooga State Community College Currently, only the Increase Monetary Limit and Transfer-Change Mode of Operation applications are available online. Thank you for visiting CORE! American Contractors offers an extensive, 2-day seminar to prepare for the North Carolina General Building contractor license exam. Those needing a license revised prior to the Board's next meeting may qualify as a"Hardship"(request for early/emergency review) if attending the regular scheduled meeting would cause an undue hardship on the applicant and be in the best interest of the public safety and welfare. No. A contractor cannot split a contract into phases to work within their limit, however, a 10% tolerance is allowed. BC-A/R Limited Residential Restricted License - *$125,000 Limit Or Less, BC-A/r - Restriction Removal/Increase Request, Memphis State Community College/@Homeprep, McMinnville TCAT (Tennessee College of Applied Technology, Section 5. More information at: (615) 741-9771 or theirwebsite. Contractor's must bid/contract in the exact name as licensed. The definition of contractor is found in the statute atT.C.A. Complete the online application and pay the $200 renewal fee. Payment can be made by personal or cashier's check, but not cash or credit cards. 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), Therefore, it may be a sole proprietor, corporation, partnership, or LLC. Contractor Revisions Amendments/Changes To Existing License Section 4. If you have not already registered for this new system, please submit under the New Application tab. After passing the test, you need to prepare an audited or reviewed financial statement. 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 All applicants must take the Tennessee"Business and Law"exam which is open book and based upon NASCLA's Tennessee "Contractors Guide to Business, Law and Project Management" reference manual which may be purchased by the publisher, exam vender or professional book stores. **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. Alarm systems - Check with the "Alarm Systems Contractors Board" for their license and requirements (these licensees are exempt from a contractor's license, pursuant T.C.A. The Secretary of States office may be contacted at (615) 741-2286 or visit theirwebsite. Certificate of Insurance for General Liability; Workers Compensation Information (Certificate of Insurance, or Construction Service Provider exemption, unless claiming the Handyman exemption); and. Registering for the Exam Allow us to find the right contractor for your project. NOTICE! 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. and insurance to be in the new name. Scores are given upon completing the exam, so you know right away whether you passed. Once the entire application is complete, submit with the$250.00nonrefundable application fee. A letter notifying receipt will be sent to all applicants (Do NOT contract prior to being approved by the Board.). For a Limited Licensed Plumber (LLP) license, the exam fee is once again $57 and the application fee is $75. Landscaping - No trade exam; apply for a BC-29 classification. Exam - Online Registration with PSI Bookstores (Code Books and Reference Manuals, etc., for Exams) Generally, current liabilities include the following: NON-CURRENT LIABILITIESdo not include long term notes, bonds, and obligations that will not be paid out of current assets. Use this time to ask the Board member advice or the staff questions concerning the licensing law. Line of Credit 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. TheCandidate Information Bulletinhas a list of all exams, outline, reference materials, books, security requirements, rules for using books for open book exams, and how to register for exams. For licensing information for projects less than $25,000, see Types of Licenses. Some files are Adobe Reader Files [pdf], 6.0 or higher. To obtain an increase of more than $125,000, this would require passing the exams. Individual First Time Application or Applying for Another License Discipline 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. For those not responding within 12 months of the expiration date, the renewal form is placed in archives for storage. *Note: Highway contractors bidding to the Tennessee Department of Transpiration (TDOT) would need to pre-qualify with this department and a license from our Board may not be required. PSI offers "Exam Review" for a fee to review areas for your strength and weaknesses. Tennessee Contractors Count on CRS CPA Permanent tabs are allowed, however, post-it notes cannot be used. (be sure to include your license number). Licenses with a delinquent status are typically those who owe a late fee. Reciprocal agreementsdo NOT allow using another state's license in Tennessee, but provides a trade exam waiver, only. All contractors licenses are assigned a monetary limit and also a classification, such as: Building (Residential, Commercial and Industrial); Electrical; Mechanical (Plumbing and HVAC); Heavy Construction; Highway, Railroad & Airport; Masonry; Municipal Utility; Environmental; and Specialties (landscaping, excavation, roofing, cell towers, solar panels, audio visual, etc.,). a licensure testing partner that balances test security with accessible test delivery The assurance of every license is only as strong as the consistency of licensure test delivery and the reliability of test content. 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. STEP 5 - CORPORATIONS AND LIMITED LIABILITY COMPANIES. Some applicants may be required to take atradeexam (see list of trade exams below). Supplying false information is grounds for having a license denied. For example, if the entity is wanting to go by, "John Doe DBA Doe's Quality Construction, LLC", this whole name must be on ALL documents; contracts must be in the name as licensed and could not be prepared as "Doe's Quality Construction, LLC" or "John Doe".). If an interview is required and the application was received prior to the deadline date to be scheduled, an "admission" letter is sent with the date, time and location of the Board meeting. Construction Manager is required to take the full BC exam. Note: Specialty license classifications are for unique types of contracting where there is not a standard classification provided in the Rules. See more information for"Hardship Criteria". 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). Confidential Records - Financial statements and indemnities are not considered public records. However, there is not a grace period under which you may perform any work as a contractor without a license. Now you can signup online! For example, an electrical contractor is typically interviewed by a Board member experienced in the electrical field. No annual tax return is required. A contractors license is issued with a classification and monetary limit in the name of the entity on the financial statement. 62-6-135). If you have moved, state mail is not forwarded. Note: If you have been disciplined or convicted of a felony, the Board will not accept. Residential, commercial and industrial building, take the BC exam. 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). Online Exam Registration with PSI, Bookstores(Code Books and Reference Manuals for Exams). The license is not transferable to new owners. At renewal time, a contractor may supply a "Reviewed" financial statement for unlimited. The contractors interview may be waived if the contractor's application was received complete and in order. The monetary limit is the total dollar amount per each individual contract or project. Working capital is current assets minus current liabilities. Monetary limits are based 10 times the lesser of both working capital and net worth (plus experience). 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. ), 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.

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