Business & LicensingQuestion 1419 of 1605
When forming a joint venture to bid a large project, what licensing does the joint venture need?
a.A joint venture license, obtained by entities that are each individually licensed
b.Each member's separate license is automatically enough
c.No license is needed for joint ventures
d.A federal contractor license
Explanation
Under B&P Code section 7029, two or more licensees may apply for a joint venture license. Each participant must be individually licensed, and the joint venture itself is issued a separate license number for that venture.
Law Reference: B&P Code §7029Practice all 1605 questions free — no signup required.
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Sen Lin, PrepPass Founder · Verified against California CSLB Contractor License Law & Business Exam · How we review
Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)