[benu]

as a son of a gc i worked up from pile management specialist to framing and then tile and electrical work.

dad holds a B in ca that is now in good standing but inactive.
he wants to give it to me but i am concerned as to the extent of his exposure to liability. they own 1 home outright and another 1/2 payed down. i dont want anything that i could possibly do to jeopardize their position.


now dad is popping and creaking in his knees and back.
after working his a$$ off to provide for our family he is left with a kick to the nuts as far as retirement plan. $0
thank god for moms plan...
so i am thinking it would be a great way to get dad on payroll as a thank you.

short version, what would his exposure be as a rme/rmo?

thank you guru (and others) for the help,
ben

 

[Seven-Delta-FortyOne]

You should go here and read up on all of this:

www.cslb.ca.gov

There is only one way for for a license to transfer, and that is with the death of the license holder, the family may request a 90 day extension to finish projects, and find a new qualifier.

You will need to apply for your own license.

If you use your father as your qualifier, there are 2 ways to do it:

He can be a partner, and assume liability for projects in proportion to his ownership interest, which must be at least 10%

He can be an employee, and post a bond, and you will need to to carry workers comp. He will need to verify that he works at least 32 hours per week, or 80% of the time that the other employees work


There are also other options, like incorporating, or forming an LLC. All this info is on the cslb website.


:thumbsup:

 

[benu]

oh man, ive got linked info overload.
i was reading from that site and while chalk full of info it is a bit daunting to get to the bottom line.

if i am half way right, im looking at dad as rmo with a double bond and workcomp = good to go?

thank you for your help,
ben

 

[License Guru]

Hi Benu,

Welcome to CT. Delta Seven may want to read the cslb website himself.

The correct answer is... your father can not give you his license. You are referring to a family waiver where you would apply for his license and you would become the qualifier.

But...
1) His license is inactive. It would have to be active and in good standing for 5 of the last 7 years.
2) He would have to retire, or pass away.
3) You could not take over his license and have him as the qualifier.

Delta is correct that you could apply for a license, either sole owner or corp and he could be the qualifier on the license. Sole owner would put everyone's assets at risk. An S corp would provide you the most protection. I'm thinking an LLC license would not be possible.