                                 CODE OF VIRGINIA

APPLICATION FOR CLASS B LICENSE; FEES; EXAMINATION; ISSUANCE (§ 54.1-1108)

A. Any person desiring to be licensed as a Class B contractor shall file with
the Department a written application on a form prescribed by the Board. The
application shall be accompanied by a fee set by the Board pursuant to &#xA7;
54.1-201. The application shall contain the name, place of employment, and
business address of the proposed designated employee; information on the
knowledge, skills, abilities, and financial position of the applicant; and
evidence of holding a current local license pursuant to local ordinances adopted
pursuant to &#xA7; 54.1-1117. The Board shall determine whether the past
performance record of the applicant, including his reputation for paying
material bills and carrying out other contractual obligations, satisfies the
purpose and intent of this chapter. The Board shall also determine whether the
applicant has complied with the laws of the Commonwealth pertaining to the
domestication of foreign corporations and all other laws affecting those engaged
in the practice of contracting as set forth in this chapter.

B. As proof of financial responsibility, the applicant shall demonstrate
compliance with the minimum net worth requirement fixed by the Board in
regulation by providing either:

   1. A financial statement on a form prescribed by the Board, subject to
   additional verification if the Board determines that sufficient questions or
   ambiguities exist in the applicant&#8217;s presentation of financial
   information; or

   2. A balance sheet reviewed by a certified public accountant licensed in
   accordance with &#xA7; 54.1-4409.1.

C. In lieu of compliance with subsection B, an applicant may demonstrate
financial responsibility by electing to obtain and maintain a bond in the amount
of $50,000. Proof of current bond shall come from a corporate surety licensed to
do business in the Commonwealth and approved by the Attorney General and shall
be filed with the Department.

D. In addition, if the applicant is a sole proprietor, he shall furnish to the
Board his name and address. If the applicant is a member of a partnership, he
shall furnish to the Board the names and addresses of all of the general
partners of that partnership. If the applicant is a member of an association, he
shall furnish to the Board the names and addresses of all of the members of the
association. If the applicant is a corporation, it shall furnish to the Board
the name and address of all officers of the corporation. If the applicant is a
joint venture, it shall furnish to the Board the names and addresses of (i) each
member of the joint venture and (ii) any sole proprietor, general partner of any
partnership, member of any association, or officer of any corporation who is a
member of the joint venture. The applicant shall thereafter keep the Board
advised of any changes in the above information.

E. If the application is satisfactory to the Board, the proposed designated
employee shall be required by Board regulations to take an oral or written
examination to determine his general knowledge of contracting, including the
statutory and regulatory requirements governing contractors in the Commonwealth.
If the proposed designated employee successfully completes the examination and
the applicant meets or exceeds the other entry criteria established by Board
regulations, a Class B contractor license shall be issued to the applicant. The
license shall permit the applicant to engage in contracting only so long as the
designated employee is in the full-time employment of the contractor and only in
the counties, cities, and towns where such person has complied with all local
licensing requirements and for the type of work to be performed. No examination
shall be required where the licensed Class B contractor changes his form of
business entity provided he is in good standing with the Board. In the event the
designated employee leaves the full-time employ of the licensed contractor, no
additional examination shall be required of such designated employee, except in
accordance with &#xA7; 54.1-1110.1, and the contractor shall within 90 days of
that departure provide to the Board the name of the new designated employee.

F. The Board may grant a Class B license in any of the following
classifications: (i) residential building contractor, (ii) commercial building
contractor, (iii) highway/heavy contractor, (iv) electrical contractor, (v)
plumbing contractor, (vi) HVAC contractor, (vii) fire sprinkler contractor, and
(viii) specialty contractor.

HISTORY: 1980, c. 634, § 54-129.3; 1987, c. 110; 1988, c. 765; 1990, c. 911;
1994, c. 601; 1996, c. 707; 2003, c. 892; 2013, c. 116; 2017, c. 572; 2019, c.
726.