The exam vendor is PSI Services, LLC. OTHER 4th Floor, Davy Crockett Tower Nashville, TN 37243-1150 WARNING:A contractor does not have a grace period to continue to contract once the license expires. Confidential Records - Financial statements and indemnities are not considered public records. 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). Pending Renewals:Renewals received which lack the required financial supporting documentation, our staff will notify the contractor after the audit with options. If you do not see a trade exam which falls within your profession, a trade exam probably is not required, but feel free to contact our office by fax at: (615) 532-2868 orby email at:Contractor Exam Informationor you may call the office at 800-544-7693 or direct at (615) 532-3983. Comprehensive Online Regulatory & Enforcement System. Failing to attach all required documents prevent the renewal from being processed. NEW! Contractor's failing to complete the license renewal within 12 months of the expiration date, would need to complete the new license application. Allow us to find the right contractor for your project. 73-50-1. ), Fire Protection/Sprinkler contractors must pass the contractor's CMC-D exam. (The reference does not have to come from a Tennessee resident. Contact: 931-473-5587, Limited Licensed Electrician(LLE)Projects less than $25,000, Limited License Plumber(LLP)Projects less than $25,000, Home Improvement LicenseProjects $3,000 to $24,999. (See also the examples listed below under the "Summary"). To reinstate a contractors license expired more than 12 months, a contractor must: complete the Contractors License Application; select Reinstatement on page one (1); and list the license ID# of the expired license. For an LLE license application, call our office at (615) 253-2144 or download from the. Contractors working on an expired license may not be entitled to recover monies owed on a project or have lien rights. NOTE:All financial statements submitted should separate current portion of long term debt according to standard accounting principals. See law updates for Workers' Compensation at the "Laws, Rules and Regulations" section of the website. The expiration date is on the last date of the month, in which the license was originally issued. This would also be the case for a contractor wanting to reinstate an expired contractor's license. A contractor is allowed a 10% tolerance, unless, they have a BC-A/r classification (residential restricted limited license). See"Public Meetings Calendar"for dates. 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. Obtaining more than five (5) subcategories would require a trade exam. 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. 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. WHO MUST PREPARE THE FINANCIAL STATEMENT? This step-by-step tutorial will guide you through the online renewal process.https://core.tn.gov Notices to renew online are mailed to licensees 90 days prior to expiration date with online renewal instructions. 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. The license belongs to the owner of the entity providing the financial statement, therefore, it does not necessarily belong to the Qualifying Agent (QA), unless they are also the owner. Exam - Online Registration with PSI Bookstores (Code Books and Reference Manuals, etc., for Exams) Income tax statements are not acceptable as a financial statement. Corporations and LLC must provide proof of active status with the Secretary of State which is available at: Inactive License Request(See "Retirement"), Insurance Requirements for Licensing(See Contractor and Home Improvement Forms), Bond - Indemnity Form (See "Financial Resources"), Emergency License Request(See "Hardship"), Exam Resources(See "Add Classification" resource above), Guaranty Agreement (See "Financial Resources"), Insurance Requirements (See information provided in Section 1 and 2), Merger (See Section 1 - "Contractor - New License Application"), Ownership Change(See Section 1 - "Contractor - New License Application"), Qualifying Agent (QA) Additions and Changes, Reinstatement from Retirement(See Renewal - Section 2), Workers' Compensation Insurance (see "Insurance"). Effective April 28, 2017, Public Chapter 237 changed the financial statement requirements for contractor licensing. These are the only states in which Tennessee has a trade exam waiver agreement. A business license is needed for any business with a physical location in the county whose gross annual receipts are $3,000 or more; anything under $3,000 is exempt. Due to changing laws, please review our website for updates. However, due to scheduling volume, waiting time could take more than an hour. Corporate entities need to also include proof of active status with the Secretary of State. Note: If you have been disciplined or convicted of a felony, the Board will not accept. STEP 5 - CORPORATIONS AND LIMITED LIABILITY COMPANIES. If you have more than one (1) license with the Department of Commerce and Insurance, you may add these to your account. See"Public Meetings Calendar"for dates. In order to supplement the net worth on the personal statement, it would need show a minimum of $100,000 to be utilized as $50,000. hbbd```b``"WH&) f5A${;X}6l`` zg0;DrH 2 DH8d bl + Address 1 . Examples for trade exams needed for classifications: Be sure to check in the county you plan to work. Must follow local license requirements and pay fees. Chosen by leading organizations Secure test delivery number at this time, however, it is not approved until the full Board votes during their business meeting. 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. Home ImprovementLicenses- Must be receivedby the20th of the month prior to the Board meetingto ensure it is reviewed at the next meeting. NON-CURRENT ASSETSare the following and not current assets, since they generally are not expected to be converted into cash within one year: *The Board may accept a Guaranty Agreement from stockholders or related parties, supplied with their financial statement, to consider counting this as a current asset. This guide contains information about construction industry licensing in Tennessee. A contractor should apply for a mode change name change if they have changed their operations as approved on their license, by completing the license revision request form(better to do so prior to renewing a license). Rule increased from *$70,000 to $125,000, effective 2/20/2014 to allow contractors to apply for a license up to this amount. Address 2 . Out-of State corporations must register as a foreign corporation and submit a copy of their Charter, along with a copy of their Certificate of Authority showing they have registered their charter (we may accept a copy of their application stamped "FILED" from the Tennessee Secretary of State's office in order to meet the 20th deadline). FAQs . *Note: Alarm System licensees are exempt from obtaining an additional license as a contractor, pursuant T.C.A. The QA must register with PSI to take the exam. 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". If you prefer to renew by mail, you may print the renewal form below. 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. Click Here for Minimal Activity Business License Application Your fee will be attached to your application and submitted to: Tennessee Board for Licensing Contractors 500 James Robertson Parkway Nashville, TN 37243 However, if the contractor fails to apply for a license within this time period and remains active in the construction industry, such as performing projects where a license is not required (under $25,000), or working for another licensed contractor, or in another state, etc., then the Board may accept the scores after the two year period. Pursuant T.C.A. A personal interview is not required unless notified to appear. TCA 62-6-111; TCA 62-6-116; 62-6-124; Rule 0680-1-.13; Rule 0680-1-.14; and Rule 0680-1-.15. 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.). DBA (Doing Business As) Individuals, those acting as the Qualifying Agent (QA) for the entity obtaining the license, may take the exam(s) on behalf of the business. For an LLP application, call (615) 532-3994 or download from our website at: Contractors, with a CMC-A license are exempt from the LLP requirements, Masonry projects $100,000 or more require the LMC (Licensed Masonry Contractor) exam, In Tennessee, you may check with the Tennessee Board of Accountancy to perform a. 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. The testing center does not allow using books which have notes written inside and you may not write in the books during the examination. Workers' Compensation insurance is required or you may supply proof of exemption. The LOC is an option available for those requesting a larger limit than one in which their financial statement qualifies. *ABondin the Board's format may be suppliedin lieu of the Guaranty Agreement, in the amount of $500,000; or $1,000,000 for an Unlimited monetary limits. 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. License certificates are issued after the Board meeting and they take approximately 1 to 2 weeks for staff to complete. 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. The renewal form is available online for anyone needing a financial balance sheet at:https://tn.gov/commerce/documents/regboards/contractors/forms/ContractorsRenewalWeb.pdf The financial statement may be self-prepared by the contractor and is not required to be prepared by a licensed CPA when their monetary limit is $3,000,000 or less. Contractor Revisions Amendments/Changes To Existing License Section 4. There is not a grace period to perform work while expired. 938 0 obj <> endobj The forms listed below provide additional information to specific inquires.
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