A licensed sole proprietor forms a corporation and keeps 100 percent of the voting shares. She wants the corporation to hold the license and would like to keep the number her customers already know. What does the law allow?

Explanation

No license is transferable to another person or entity under any circumstances, and a corporation is a different legal person from the individual who formed it, so the corporation applies in its own name with its own $25,000 contractor bond, its own qualifying individual and its own workers' compensation position. The NUMBER is a separate question from the license: §7075.1(c)(5) lets the Registrar reissue it, on application, to a corporation formed by an individual licensee who keeps more than 50 percent of the voting power. Filing with the Secretary of State is a different agency's record and moves nothing at CSLB.