Buying or Selling a Construction Company?

When buying or selling a contractors license, there are many things that have to be considered.

• Is it an asset sale or stock sale?

• Is it a sole ownership, corporation or LLC?

• Will the buyer be taking over the existing contractors license or setting up a new one?

• Will the seller remain as the qualifying individual for the buyer? If not, who will qualify?

• For sales of corporations, are you doing an F Reorganization?

As a buyer, you don’t want to close Escrow without making sure you are completely set up with an active contractors license where you are a listed member of personnel. The right documentation has to be filed with the Contractors Board. Contact us to determine the correct steps you need to take. Calling us is free – not having a license at the end of Escrow will cost you.