What is the financial statement/net worth requirement for an applicant for a license under the act?
All of the following: 1. Section 12 of the DPSTA requires the applicant (not its officers, directors, shareholders) demonstrate a minimum net worth of $50,000 per location. 2. The maximum net worth for any entity regardless of the number of locations is $250,000. 3. The financial statement is required to be completed in accordance with Generally Accepted Accounting Principles (GAAP).
Related Questions
- Is the net worth requirement only applicable to the general contractor license, or are all classifications required to have a minimum net worth established by the board?
- What is the financial statement/net worth requirement for an applicant for a license under the act?
- What is the net worth requirement for an applicant for a license under the act?
