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Louisiana Contractor's License Exam Study Guide with Complete Solutions $11.49   Add to cart

Exam (elaborations)

Louisiana Contractor's License Exam Study Guide with Complete Solutions

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  • Course
  • Contractors License
  • Institution
  • Contractors License

Louisiana Contractor's License Exam Study Guide with Complete Solutions Cover Page - Answer️️ -contains contact info and a confidentiality statement Abatement/Mold Remediation License - Answer️️ -requires a 4 hour course in "unfair trade practices and consumer protection law". If an em...

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  • August 30, 2024
  • 31
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Contractors License
  • Contractors License
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OliviaWest
©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM




Louisiana Contractor's License Exam
Study Guide with Complete Solutions

Cover Page - Answer✔️✔️-contains contact info and a confidentiality statement


Abatement/Mold Remediation License - Answer✔️✔️-requires a 4 hour course in

"unfair trade practices and consumer protection law".

If an employee requests their W2 from an employer after final wages are paid... -

Answer✔️✔️-The employer has 30 days to fulfill their request


OSHA requires employer's to post an annual summary of injuries and illnesses. -

Answer✔️✔️-No later than February 1st of each year.


OSHA Form 300 must be kept for a period of... - Answer✔️✔️-5 years after which

the form pertains.


Occupational License Taxes are required by... - Answer✔️✔️-Cities and Parishes


executive summary - Answer✔️✔️-includes highlights of the business plan and is

meant to gain interest of the reader




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,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


Company Summary - Answer✔️✔️-the company vision and mission, legal structure,

management personnel, business location, and facilities


Products and Services - Answer✔️✔️-your specific products, primary subcontractors

and suppliers, and expansion opportunities


Market Analysis - Answer✔️✔️-your target market, trends and major competitors

are defined here


Market Strategy - Answer✔️✔️-the uniqueness of your product along with your

pricing, advertising, and promotional strategy


Financial Plan - Answer✔️✔️-Financial statements, balance sheet, income statement,

and cash flow statement


Sole Proprietorship - Answer✔️✔️-a business owned and managed by a single

individual


Partnership - Answer✔️✔️-A business in which two or more persons combine their

assets and skills


Limited Liability Corporation - Answer✔️✔️-a type of business with limited liability

for the owners, with the advantage of not paying corporate income tax




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,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


C Corporation - Answer✔️✔️-The most common type of corporation, which is a

legal business entity that offers limited liability to all of its owners, who are called

stockholders


S corporation - Answer✔️✔️-a form of corporation that avoids double taxation by

passing items of income, loss, deduction, and credits through to its shareholders


Joint Venture - Answer✔️✔️-an agreement between two or more companies to share

a business project


business License - Answer✔️✔️-protects the public from unqualified, inexperienced,

incompetent or unethical contractors


Licensing Authorities - Answer✔️✔️-conduct investigations and discipline problem

contractors, levee fines, and even revoke licenses


Louisiana Licensing Board - Answer✔️✔️-15 members appointed by the governor

and represent each voting district.


Commercial Contract - Answer✔️✔️-license is required for $50,000 or more


Electrical and/or Mechanical Contract - Answer✔️✔️-License is required for

$10,000 or more


Residential Contract - Answer✔️✔️-license is required for $75,000 or more



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, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


Abatement contract - Answer✔️✔️-license is required for $1 or more


Home remodel contract - Answer✔️✔️-License required for $7,500 or more


Commercial Project - Answer✔️✔️-any project other than residential


Multi-Resident Contracts - Answer✔️✔️-considered to be a commercial project if in

the same subdivision


Exempt from licensing - Answer✔️✔️-property owners who build for their own use,

donated labor, public utilities, equipment repair, mobile home builders


Penalties for working without a business license - Answer✔️✔️-$500 per day of the

violation, up to 3 months in jail, or both.


Qualifying Party - Answer✔️✔️-The person who will hold the business license.


30 days - Answer✔️✔️-the amount of time you have to notify the board about a

termination of a qualifying party


60 days - Answer✔️✔️-the amount of time you have to replace a qualifying party


Licensing Renewals - Answer✔️✔️-must be submitted 30 days prior to the

anniversary date they were issued




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