Why should you, a construction business owner, consider incorporation? Oftentimes, people believe the default to be sole proprietorship. So, why should a construction professional look into incorporation? What are the benefits? Anyone who goes into business should incorporate, but this is especially the case for those in the construction business. Because of the many ways …
Before we jump into what an Injury and Illness Prevention Program (IIPP) is and why it is required by law, we want to let you know that we are here to help if you do not have these programs in place yet. We can provide you with IIPP templates that you can use to get …
What is an Injury and Illness Prevention Program (IIPP) and How to I Start One? Read More »
Before we can understand what a waiver of subrogation is, we should first discuss the rights of subrogation. What does subrogate even mean? Subrogation refers to one party stepping into the shoes of another party and assuming the second party’s rights and responsibilities. It essentially allows one party to take the place of another and is extremely …
What Is an LLC Employee/Worker Bond? The $100,000 LLC employee/worker bond is required for all contractors in California with a business entity registered as an LLC (Limited Liability Company). An LLC employee/worker bond serves those employed by an LLC construction business in the event they are not compensated properly for performed work including wages, …
LLC Employee/Worker Bonds – What Are They & How Much do they cost? Read More »
The CA Contractors Board is increasing their fees for most of their applications and renewals. Of note, they are increasing renewal fees for Corporations, LLCs, Partnerships, and Joint Ventures, while Sole Ownerships retain the same renewal fee except for inactive renewals. The renewal fee schedule is listed below: Sole Ownerships Active License – (on or …
CA Contractors State License Board Increasing Fees as of January 1, 2022 Read More »
If you’re in the process of buying a house, it won’t be long before mortgage life insurance offers start arriving in the mail. Sold by mortgage lenders and insurance companies, mortgage life insurance (sometimes called Mortgage Protection Insurance) pays off your home loan if you die with a balance. The idea sounds sensible: Your family …
