Louisiana Provisions That May Be Added to A Pooling Or Unit Designation

State:
Multi-State
Control #:
US-OG-369
Format:
Word; 
Rich Text
Instant download

Description

This provision document contains termination, signature, and depth provisions which may be added to a pooling or unit designation.

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FAQ

Residential property includes home improvements or the new building of one to four-unit family dwellings. Just like commercial projects, subcontractors and specialty trades working on the residential project need to be licensed ? unless the contract price is less than $75,000.

There are two exams that must be passed to obtain a Louisiana contractor's license. The first is a general business and law exam, while the other will depend on the type of license and classifications selected in your application. The business and law exam is a one-hour, open-book exam.

The contractor must: Complete the online Commercial Application. ... Provide a financial statement showing a minimum of $10,000 net worth (must be current within 12 months of application). Pass the required examinations. ... Be approved by the Board before issuance of the license.

A handyman must hold a state license in Louisiana for home improvement projects or residential projects where the labor and materials cost more than $7,500. The residential license is issued by the Louisiana State Licensing Board for Contractors.

If you plan on working independently as a general contractor, it's important for you to register your business with the state. New business owners can start their registration process by scheduling an appointment with the Louisiana Secretary of State office.

A Louisiana Notice of Contract: ?(1) Shall be signed by the owner and contractor. (2) Shall contain a complete property description of the immovable upon which the work is to be performed and the name, if any, of the project. (3) Shall identify the parties and give their mailing addresses.

The easiest kind of contractor's license is a Class ?B? Contractor's License. This license allows you to do general contracting work. There are also licenses for specialty contracting work called a Class ?C? Contractor's License. These are for jobs like plumbing or electrical.

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Louisiana Provisions That May Be Added to A Pooling Or Unit Designation