Appyling for a Joint Venture

Are you looking to apply to qualify for a joint venture? We’ve gathered up some information that can help you with this. We will share information from the Florida Construction Industry Licensing Board, who is responsible for all licensing and regulating within the construction industry. This Board regulates both construction contractors and their businesses. On the Board’s website, they share some frequently asked questions with answers on all topics in the contractor community. For this article, we will pull out and share the portion about applying to qualify to a joint venture.

Q: Can you qualify a joint venture with your existing license?

A: No, you would have to apply to qualify the joint venture just like you would any other business.

Q: Can your company form a joint venture with an unlicensed company?

A: Yes. You would have to apply to qualify the joint venture just like you would any other business.

Q: Can the joint venture bid a project prior to you becoming approved as a qualifying agent?

A: Yes, but the joint venture must obtain approval of the Construction Industry Licensing Board’s Executive Director prior to submitting the bid on a construction project. The joint venture must provide the Executive Director a copy of the written joint venture agreement and a statement of authority signed by an officer of each company giving the proposed qualifying agent full authority to conduct the contracting business of the joint venture.

For the full list of the questions and answers, you can visit the Florida Construction Industry Licensing Board’s official website.

Are you looking to get your contracting license in Florida or Georgia? We are here to help. We are a contractor licensing company and we pride ourselves on giving the best service in our industry. We get contractors licensed fast and painlessly. About 95 percent of our Florida contractor licensing packages are approved the first time, and our contractors are usually licensed within 10 days of the submission of the package. If you’re looking for a new business, we help incorporate new businesses and form LLCs within a day or two. To start the contractor license application process, click here or call us at 239-777-1028.