Transfer Your Contractor's License in California With Ease
Whether you’re retiring, selling your business, or helping family transition, our experts make transferring your contractor's license in California simple, secure, and stress-free. Get started today with a free consultation!
Thinking of retiring?
If retirement is approaching, you might be wondering what to do with your contractor’s license. After dedicating your life to building your business, simply closing it down shouldn’t be your only option. Here’s how you can transfer your contractor's license in California:
🠞 Sole Ownership Transfers
Transfer your license to an immediate family member with the possibility of exam waivers. Alternatively, transfer the license to a corporation and sell it. However, this process can be complex—call us to discuss your best options.
🠞 Corporation or LLC Transfers
A license can be transferred to a responsible officer, manager, or member listed on the license for at least five years without requiring exams. If done correctly, this ensures no disruption to daily operations.
🠞 Stock Sales for Corporations or LLCs
Selling a corporation or LLC through a stock sale allows the buyer to benefit from the established license history. A supervising employee with at least five years at the company can replace the retiring qualifying officer without exams.
🠞 Partnership Transfers
Partnerships face unique challenges. Once a partner leaves, the Contractors Board cancels the license. Ensure continuity by helping other general partners obtain their own licenses, potentially waiving exams, to keep serving clients.
Want to know more about your options? Call us for a free consultation!
Buying or Selling a Construction Company?
When transferring a contractor’s license as part of a business sale, there are several factors to consider:
Is the sale structured as an asset sale or stock sale?
What type of entity is involved—sole ownership, corporation, or LLC?
Will the buyer take over the existing license or apply for a new one?
Will the seller remain as the qualifying individual, or will another person qualify?
For corporations, are you executing an F Reorganization?
If you're the buyer, never close escrow without ensuring your contractor’s license is active and properly registered with the Contractors Board. Missing this step can cause delays and cost you dearly. Let us guide you through the process to ensure everything is handled correctly. Call us today for a free consultation—it’s an investment that will save you time and money.
Illness or Death of a Licensed Contractor
We understand that losing a loved one or dealing with illness is an incredibly difficult time. If the licensed contractor is unable to continue, California law allows for the transfer of a contractor’s license in specific situations, provided the proper documentation is submitted promptly.
Act quickly. The process requires immediate attention to ensure compliance with state regulations. We’re here to help you navigate these challenges with compassion and expertise. Call us now for a free consultation.
Transferring Licenses to Family or Friends
There’s more to transferring a license than simply “giving” it to someone. Done incorrectly, it can lead to liability and jeopardize your professional standing. Here’s what you need to know:
Set Them Up Properly: You can help family or friends obtain their own license without exams if you’re willing to qualify a new license for them.
Protect Yourself: Never allow others to use your license “just this once.” If poor work results in complaints to the Contractors Board, your license could be revoked, and you could face legal consequences.
Take the right steps to transfer a contractor’s license in California. Call us for expert advice to ensure compliance and protect yourself from unnecessary risks.
Ready to Transfer your Contractors License in California?
Whether you’re retiring, selling your business, or helping family and friends, we have the expertise to guide you through the process. Contact us today to explore your options and get started.