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Hi,

I am a c-36, sole proprietor, a corporation approached me and asked me to be a part of their company ... 10% ownership - the reason is that they need to use my license (Which i am pretty sure they don't have now) ... my question, if i join as a partner of the company, does that necessarily mean that they can start using my licesne to contract work? or do i need to wait to have my license transfer over to the corporation? i think 4-6 months in CA

Thanks,

Paul
 

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Thom
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Here in NM the company holds the license but it must have a qualifying party who has passed the test.

That would make you the qualifier for their license. If you quit, they would need another qualifier.
 

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Hi,

I am a c-36, sole proprietor, a corporation approached me and asked me to be a part of their company ... 10% ownership - the reason is that they need to use my license (Which i am pretty sure they don't have now) ... my question, if i join as a partner of the company, does that necessarily mean that they can start using my licesne to contract work? or do i need to wait to have my license transfer over to the corporation? i think 4-6 months in CA

Thanks,

Paul
First things first. Go to the introduction sectio and introduce yourself.
Second you will find a section labeled licensing. In it you will find a thread started with a person who will give you any answers you may have on Cal. licensing.
Welcome!
 
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