CSLB Says it Will Be Ready to Process LLC Licenses by January 1st Deadline

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  1. Surety Bond – $100,000.  This is in addition to the current $12,500 license bond.

  2. Liability Insurance – $1 to $5 million depending on the number of individuals listed as personnel of record.

  3. Personnel of Record – Every individual who is an officer, member, responsible manager or director of the LLC must be listed as personnel of record.

  4. Qualifying Individual – LLC’s must be qualified by either a responsible managing employee (RME), responsible managing officer (RMO), responsible managing member or responsible managing manager.

#LLC #Limitedliabilitycompany #CSLB #CaliforniaContractorsStateLicenseBoard #Contractorslicense

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