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    What is a Bid Bond?

    Last updated 1 year ago

    The contracting business is often highly technical and difficult to navigate on your own. Understanding the basic terms can help you get your business off the ground.

    In this video you will learn about what a bid bond is. Bid bonds are used by various municipalities to help ensure that contractors do not overcharge for a project. On the flip side, bid bonds also help ensure that people do not underbid for jobs only to change the terms of the agreement later. Understanding how bid bonds work is critical for anyone involved in contracting.

    If you want to learn more about bid bonds, watch the video provided above. To learn more about how we can help your contracting business, call Arizona Contractor License Center at (888) 738-3175. We provide contractor license preparation and filing services in Phoenix and throughout AZ. Contact us online or call us today to learn more. 

    What to Look for in a Statutory Agent

    Last updated 1 year ago

    If you run a contractor business, it is important to be aware of the regulations pertinent to your business and ensure that you are in compliance. Doing so can help streamline your business operations and prevent legal problems down the road. Read on to learn more about what a statutory agent is and what you should look for when selecting one.

    What is a Statutory Agent?
    statutory agent is a business entity or individual that corporations or LLCs are legally obligated to appoint for a variety of reasons. Most importantly, statutory agents are designated in order to accept service of process for the entity they represent. In other words, if a lawsuit is filed against your contractor business, the legal documents are served to your statutory agent.

    What Should You Look for in a Statutory Agent?
    When looking for a statutory agent to represent your business, there are a number of factors you should consider. For one, the law explicitly states that a statutory agent must have a valid Arizona street address, not a P.O. Box or personal mailbox on record with the Arizona Corporation Commission at all times.  In addition to looking for a statutory agent with a valid address, you should also seek out a statutory agent that is knowledgeable regarding your contractor’s license. This can prove helpful should you decide to make changes to your company that could affect its structure.

    Failing to choose a statutory agent carefully can have a serious impact on your business’ health. If you want to learn more about what you should look for when looking for a statutory agent, call Arizona Contractor License Center at (888) 738-3175. As one of the leading contractor schools in the country, we pride ourselves on helping business grow by providing accurate, reliable, and high-quality contractor license training and support.  

    A Look at Robert Bowman, Founder of Arizona Contractor License Center

    Last updated 1 year ago

    Robert Bowman has been involved in general contracting since 1973, focusing mainly on single family and high-density residential buildings, commercial properties, industrial construction, and medical facilities. His background gave him the skills and knowledge necessary to help other businesses navigate the contracting business when he founded the Arizona Contractor License Center in 1984. Since then, Robert Bowman has expanded into a number of other business interests. Throughout all of these businesses, however, the underlying philosophy remains the same. Robert Bowman prides himself on building businesses made up of individuals with moral integrity and a reputation for reliability and accountability.

    Robert Bowman’s commitment to quality and integrity has helped thousands of businesses get off the ground. If you want to learn more about how the Arizona Contractor License Center can help you prepare for your AZ contractor license exam, call us at (888) 738-3175.

    The Difference Between an Independent Contractor and an Employee

    Last updated 1 year ago

    When you become a licensed contractor and set up your own company, you will typically be providing your services as an independent contractor. As an independent contractor, you will be subjected to different IRS tax laws and obligations than an employee. Here is how to determine the difference between an independent contractor and an employee:

    Employee

    An employee is any individual who provides services to a business. In the employee-business relationship, the business will determine what services are performed and will train the employee. Even if the employee has a great deal of freedom in his or her working actions, he or she will still be considered an employee if the business has control over the details of the work that is performed. An employee of a business will need to fill out all of the forms associated with employee taxes.

    Independent Contractor

    An independent contractor controls the method and results of the work that he or she does. Workers such as doctors, lawyers, accountants, and contractors are all examples of independent contractors. When you are working as an independent contractor, you will have your own business license for your services. Independent contractors are considered self-employed, and must follow the IRS self-employed tax regulations.

    Type of Relationship

    One way to tell if a worker is an employee rather than an independent contractor is to look at the type of relationship established between the business and the worker. If the worker sets his own hours, furnishes his own tools, and provides the same type of services to a variety of customers or businesses, he or she is most likely an independent contractor rather than an employee.

    When you receive your contractor license from Arizona Contractor License Center of Phoenix, our team of experienced professionals will help you establish your business. By working with us, we will provide you with the information and assistance you need to create a relevant business entity for your construction company. To learn more about the business services and exam preparation we provide to construction contractors, call us at (888) 738-3175 or contact us online. 

    What Happens if You Get Injured on the Job as a Contractor?

    Last updated 1 year ago

    As a licensed construction contractor in AZ, you will control your own company and provide construction services to a variety of clients. If you get injured on the job as a contractor, you can still be eligible for compensation, even though your relationship to the employer is different than that of a traditional employee. Let’s take a look at what happens if you get injured on the job as a contractor:

    Worker’s Compensation

    All employers in Arizona must provide their employees with worker’s compensation insurance. Worker’s compensation will provide medical and compensation benefits if an employee is injured while on the job. This type of insurance is “no-fault” insurance, meaning that employees are entitled to benefits no matter what has caused the accident. Worker’s compensation insurance guarantees that all employees will be covered if they experience a work-related injury.

    Insurance for Independent Contractors

    If an independent contractor is injured while working, his or her eligibility for worker’s compensation will typically be determined on a case-by-case basis. While businesses are required to provide worker’s compensation for all employees, they are not required to cover independent contractors. However, a court can decide whether the individual was working as an independent contractor or an employee at the time of the injury. Depending on the duration of the employment, the extent that the employer had control over the contractor’s work, and the way that the contractor received payment, the independent contractor may be considered an employee eligible for worker’s compensation benefits.

    If you are considering becoming a licensed construction contractor, contact Arizona Contractor License Center. We can help you prepare for your license exam and provide you with the tools you need to set up your company once you are fully licensed. To learn more about the benefits of receiving your contractor’s license in AZ, call us in Phoenix at (888) 738-3175. 



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