Benefits of Being a Licensed General Contractor in NY
How General Contractor license Benefits You
Are you looking to become a licensed general contractor in NY? Or you have already got into this profession. Make sure you have a general contractor license, whether you are a newbie or an experienced pro.
Most homeowners often look for a contractor’s license while hiring a General contractor in NY.
After all, carrying a license tells that a contractor has passed the test and legally allowed to work on construction projects. Plus, they are insured enough to cover the damages to their client’s property during their course of work. No wonder why a license is the first thing a homeowner is likely to expect from their Residential contractor in NY.
It simply means a general contractor license is essential for your business. It’s not only required by the Law but helps you get more jobs.
Here we have outlined some key benefits of a licensed general contractor in NY.
License is required by the Law:
This is the very first reason why you should have a general contractor license. Every U.S. state requires a general Contractor in NY to own a license.
Keep in mind that contractor license laws are strict in New York. Operating without a license can make you subject to civil and criminal penalties. In fact, it can be considered as a Class A offense in many neighborhoods and counties in NY. Fine can range from $5,00 to $5,000 if you found guilty, and civil penalties can be $100 per day. Even worse, there is a provision of imprisonment under many statutes. A vehicle being used in unlicensed construction activity can be confiscated.
You can keep such legal hassles at bay by becoming a licensed contractor in New York.
You Can Get Compensation for Your Services:
Having a GC license also helps when it comes to seeking compensation, getting reasonable value for your services, and making your contract legal. With a license, you have legal recourse for recovering monies due to your job. According to the Law, it is irrelevant whether a contractor knows you are not an authorized before signing the contract.
You will Get More Customers:
Today’s homeowners are savvy and know how to choose a licensed contractor in NY. You can easily lose your job if you don’t have a GC license.
Carrying a license also makes you insured. This is what most homeowners look for. If an uninsured contractor causes damage or meets an accident on a client’s property, they can sue the homeowner. With an insured contractor, clients are not prone to this risk. Well, there are many benefits of being an Insured contractor in NY.
It Makes You a Specialist:
There are a variety of different types of GC licensing requirements for contractors in New York. While this can make it more overwhelming to get the licensing required, it also helps to show a customer that you are an expert in specific areas. For example, if you are a licensed Commercial contractor in NY, your clients will have confidence in your work.
One of the most important reasons to get a contractor’s license is to help NY residents from frauds and scams. If it becomes a usual thing to do this type of work without any license, many shoddy people will start providing their services and tricking people into giving them a lot of money. By following the licensing laws and regulations, NY general contractors are helping to maintain the quality, reputation, and safety of the contractor industry.
How to Get a General Contractor License in New York
You must have understood the importance of a general contractor license in New York. Although a general contractor is not required a state license in New York, municipalities and local governments within the state need you to have a license.
You can apply for a GC license through Licensing and Exam Unit, NYC Department of Buildings located at 280 Broadway, 6th Floor in New York.
You are required to submit the following documents:
· Notarized and Completed the LIC6 license application form.
· Child Support Certification Form.
· Notarized letter for your business name, home address, Social Security Number, and stakeholders.
· Employer Identification Number
· Last 3 Business Bank Statements.
· Original General Liability Insurance Certificate
You are also required to submit a 330 fee for the compulsory background investigation. If your business is located outside New York State, ask for a certified copy of your Application for Authority from the New York State Department of State.
On average, it takes up to 3–4 weeks for a Contractor’s License to be issued. It allows you to operate a general contractor business legally across New York.
FAQS ABOUT GENERAL CONTRACTOR LICENSING IN NY
I have a GC license, does my company require one?
Yes. It depends upon who will be contracting to do the job. You are not allowed to assign the job to an unlicensed person. Therefore, all contractors in your company should be licensed.
What Other Obligations are Associated with General Contractor?
The aggregate price of every contract for home improvement is $500 or more. It should be in writing and include a description of the work, notice to the owner of the possibility that a claim may be filed against for unpaid claims, that the contractor is required to deposit all payments received before the completion.
What If I Failed the Background Investigation for Licensing?
In this scenario, you are required to file for reconsideration within 60 days of the date of your denial letter. You should provide a letter for reconsiderations and submit additional information related to the background investigation.
Do I Need a License for Home Improvement?
You need a home improvement’s license for repair, remodeling, renovation, modernization, or improvement to any property. However, the conditions vary based on the counties. For example, some counties and local bodies also consider interior and exterior painting in home improvement. Most counties don’t consider the construction of a new home as home improvement.
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