APPLYING TO QUALIFY A JOINT VENTURE

The Florida Construction Industry Licensing Board is responsible for all licensing and regulating within the construction industry; the Board regulates construction contractors and their businesses. On the Florida Department of Business & Professional Regulation’s website, the Board shares some frequently asked questions and answers for the contractor community to refer to for quick and easy access to information. We wanted to call out one section of these FAQs to share with you about applying to qualify a joint venture.

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

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

Question: Can your company form a venture with an unlicensed company?

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

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

Answer: 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.

If you’d like to look at the full list of the Board’s FAQ, click here.

We at Licenses, Etc. like to share important information, news, and resources about the contracting world to the contracting community. Make sure to check out our blog regularly for the latest posts on a variety of topics regarding contracting and getting a contractor’s license. If you’re looking to get a Florida contractor’s license, we are here to help. We can help you get the license quickly; our clients are normally licensed within 10 days from submission. We make the process as simple and stress-free as we can. To start the contractor license application process, click here or call us at 239-777-1028.