Kinh doanh & Cấp phépCâu 1387 / 1605
California authorizes limited liability companies (LLCs) to hold contractor's licenses. What special financial security must a licensed LLC carry in addition to the standard bond?
a.A $1 million surety only
b.A separate LLC employee/worker bond and liability insurance in specified amounts
c.No additional security
d.A cash deposit of $100,000 with the county
Giải thích
Under B&P Code section 7071.19, a licensed LLC must maintain liability insurance and a separate LLC employee/worker bond ($100,000) to protect its employees, in addition to the standard $25,000 contractor's bond required of all licensees.
Trích dẫn luật: B&P Code §7071.19Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A sole owner of a licensed sole proprietorship wants to convert the business to a new corporation and transfer the license number. What does the license law allow?
- When a corporation applies for a contractor's license, who must appear on the application as the qualifying individual?
- Which business entity form is NOT among those permitted to hold a California contractor's license?
- A licensed LLC contractor must carry liability insurance in an aggregate amount that increases with the number of persons employed. What is the minimum aggregate coverage floor?
- A partnership holds a contractor's license and one partner dies. What generally happens to the license?
- A licensee must notify the Registrar of certain changes. Within how many days must a licensee report a change of business address?
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)