Business & LicensingQuestion 403 of 690
Which of the following business entities IS eligible to hold a CSLB contractor license?
a.A revocable living trust
b.An unincorporated charitable association
c.A self-directed individual retirement account
d.A limited liability company (LLC)
Explanation
Under §7065, eligible entities include sole proprietorships, partnerships, corporations, and limited liability companies. Trusts and similar arrangements are not eligible to hold a contractor license.
Law Reference: Bus. & Prof. Code §7065Practice all 690 questions free — no signup required.
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