BUILDER AND TRADE LICENSING - PARTNERSHIPS
In previous articles we have discussed companies and builder and trade licensing. A partnership is not recognised as a separate legal entity and can't be licensed. In a partnership at least one of the partners must be licensed as an individual or company.
WHAT IS A PARTNERSHIP
If two or more people and/or companies go into business together, they can form a legal partnership. In order for it to be considered a partnership, the business must also have:
books of accounts
business name registration and
taxation returns related to the partnership.
PARTNERSHIP AND LICENSING
As one of the partners must be licensed, the licensed contractor is not able to enter into a partnership with a person who is:
an excluded or permanently excluded individual
a convicted company officer
a banned individual
a disqualified individual
an excluded company; or
a company for which one of the individuals listed above, is a director, secretary, influential person or nominee
PARTNERSHIP RESPONSIBILITY AND ACCOUNTABILITY
Only the licensed contractor in the partnership agreement can enter into contracts and prepare quotations and tenders on behalf of the partnership. However, the names of all partners must be included in:
contracts and associated documentation
advertisements and site signage.
The licensed person or company in a partnership arrangement is responsible for:
the quality of all work carried out under the partnership
ensuring that the building work meets the required codes and standards
obtaining QBCC Insurance.
There are specific forms, documents and declarations that need to be prepared for recognition of the partnership for builder and trade licences. At L2B we can assist you with the entire process including all of the necessary paperwork.
Need Help? It is a NO BRAINER contact License2Build NOW
License2Build can help you navigate through all of the requirements. Call License2Build now to discuss your licensing requirements.