Organización y LicenciasPregunta 1362 de 1632

When the CSLB requires a bond of qualifying individual because an RMO or RME owns less than 10% of the entity, what is the required amount?

a.$25,000
b.$12,500
c.$15,000
d.$7,500

Explicación

Under B&P Code section 7071.9, the bond of qualifying individual is $25,000. It is required when a responsible managing officer or employee does not own at least 10 percent of the voting stock or equity of the licensed entity.

Referencia Legal: B&P Code §7071.9

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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)
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