All Forum Posts by: Account Closed

I am a general contractor here in CA, sounds like what you need is not a General B. If I were you I would go the route of a Residential Remodeling Contractor as opposed to the the Gen B since you plan on working in the rehab space. The bar is lower and all of the associated insurances will be less costly. Unless you plan on lots of structural work, this would be the better option. I use Freshbooks for accounting and payroll. pretty simple and it keeps all of your projects separated so you know what your actual profit is at the end. I copied the CSLB link so you can check it out. I also copied my Freshbooks referral  ;)

Let's keep growing!

https://www.cslb.ca.gov/about_us/library/licensing_classific...

@Account Closed Hey, in my opinion running a construction company, I would go further than LLC, and go corp/s-corp.You need to get that Gen B license asap. Put miles of distance between yourself(individual) and the contracting entity as possible. You may even consider the investment holding LLC operate separately from the construction entity. It seems like many in CA are still unaware of what's coming this July, 2024, CA AB 968 goes into effect. If you are indicating purchasing and reselling a property with extensive work performed in a period of 18mos or less, the liability microscope and recorded documentation at point of sale is gonna separate pros and joes . It's great you want to be legit, but you need an arms length entity and run it that way to a "T" from now on.

https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm...