Louisiana Contractor's License QUESTIONS & ANSWERS(GRADED A)
2 views 0 purchase
Course
Louisiana Contractor\\\'s License
Institution
Louisiana Contractor\\\'s License
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 ...
Louisiana Contractor's License QUESTIONS
& ANSWERS(GRADED A)
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
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
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
Abatement contract - ANSWER license is required for $1 or more
Business Owner's Insurance - ANSWER Property and Liability insurance that has been bundled together.
Burglary and Theft Insurance - ANSWER covers loss from larceny, robbery, forgery, fraud, and vandalism
Key Man Life Insurance - ANSWER life insurance that is applied for, owned by, and payable to a business
on the life of a key individual.
Bonds - ANSWER provide protections when contractual obligations are not met
Bond language - ANSWER contains the total dollar amount, length of term, requirements for defect, and
enforcement.
Time management - ANSWER gives you a competitive edge and helps you anticipate problems before
they occur.
Delegation - ANSWER increases your efficiency and helps develop your employees
Business Ethics - ANSWER helps protect your reputation and avoid litigation
Technology - ANSWER an essential tool for communicating and keeping your business competitive
Marketing Tools - ANSWER logos, stationery, and business cards that can help establish your company
identity
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Lecchris. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
