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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 18. Professional and Occupational Licensing |
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Agency 50. Board for Contractors |
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Chapter 22. Board for Contractors Regulations |
Section 210. Change of business entity requires a new license
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Licenses are issued to firms as defined in this chapter and are not transferable. Whenever the legal business entity holding the license is dissolved or altered to form a new business entity, the original license becomes void and shall be returned to the board within 30 days of the change. Additionally, the firm shall apply for a new license, on a form provided by the board, within 30 days of the change in the business entity. Such changes include but are not limited to:
1. Death of a sole proprietor;
2. Death or withdrawal of a general partner in a general partnership or the managing partner in a limited partnership; and
3. Conversion, formation, or dissolution of a corporation, a limited liability company, or an association or any other business entity recognized under the laws of the Commonwealth of Virginia.
Historical Notes
Derived from VR220-01-2:1 § 5.2, eff. March 31, 1995; amended, Volume 17, Issue 21, eff. September 1, 2001; Volume 29, Issue 03, eff. December 1, 2012.