Virginia contractors - Study guides, Class notes & Summaries

Nascla Contractors Guide (Virginia 8th Edition) & Virginia Uniform Statewide Building Code "USBC" (2000 Edition) What are some of the advantages of a sole proprietor? - ANS ️️ Business can be sold at will Freedom in Decision Making Process Sole Ownership of Profits Low startup cost Simple Ownership Form Minimal Legal Restriction What are some of the disadvantages of a Sole Proprietor? - ANS ️️ Less Available capital Unlimited Personal Liability Possible difficulty obtaining...

What are some of the advantages of a sole proprietor? - ANSWERBusiness can be sold at will Freedom in Decision Making Process Sole Ownership of Profits Low startup cost Simple Ownership Form Minimal Legal Restriction What are some of the disadvantages of a Sole Proprietor? - ANSWERLess Available capital Unlimited Personal Liability Possible difficulty obtaining long term financing dissolution of the business in the event of the owner's death This is the relationship between two o...

VA CONTRACTORS: VIRGINIA (CLASS A OR B)

What are some of the advantages of a sole proprietor? - ANSWERBusiness can be sold at will Freedom in Decision Making Process Sole Ownership of Profits Low startup cost Simple Ownership Form Minimal Legal Restriction What are some of the disadvantages of a Sole Proprietor? - ANSWERLess Available capital Unlimited Personal Liability Possible difficulty obtaining long term financing dissolution of the business in the event of the owner's death This is the relationship between two o...

Nascla Contractors Guide (Virginia 8th Edition) & Virginia Uniform Statewide Building Code "USBC" (2000 Edition)

What are some of the advantages of a sole proprietor? correct answers Business can be sold at will Freedom in Decision Making Process Sole Ownership of Profits Low startup cost Simple Ownership Form Minimal Legal Restriction What are some of the disadvantages of a Sole Proprietor? correct answers Less Available capital Unlimited Personal Liability Possible difficulty obtaining long term financing dissolution of the business in the event of the owner's death This is the relationsh...

What are some of the advantages of a sole proprietor? - collect answer-Business can be sold at will Freedom in Decision Making Process Sole Ownership of Profits Low startup cost Simple Ownership Form Minimal Legal Restriction What are some of the disadvantages of a Sole Proprietor? - collect answer-Less Available capital Unlimited Personal Liability Possible difficulty obtaining long term financing dissolution of the business in the event of the owner's death This is the relation...

NASCLA Contractors Guide Virginia Question and answers already passed 2024 What is the major Purpose of Licensing? - correct answer A major purpose of licensing is to protect the Health, safety, and welfare of the public. -Licensing also defines the scope of occupational practice legally reserved for license holders. What does Licensing establish? - correct answer Licensing establishes entrance requirements, standards of practice, and disciplinary authority to protect the public from u...

The owner requests changes which will cost the contractor $2,500 in labor and materials and $700 in overhead costs. With the change, the contractor would be relieved of $1,000 in labor costs and $280 in overhead costs from the original contract. The original bid included profit of 10% of all costs. The contractor wants to make a profit of 10% of all costs on the changes. The amount of the change order should included a request of an additional. A. $1820 B. $2,112 C. $3,200 D. $3,520 B. $2...

What is the major Purpose of Licensing? CORRECT ANSWER A major purpose of licensing is to protect the Health, safety, and welfare of the public. -Licensing also defines the scope of occupational practice legally reserved for license holders. What does Licensing establish? CORRECT ANSWER Licensing establishes entrance requirements, standards of practice, and disciplinary authority to protect the public from unqualified, incompetent, and unethical contractors What are licensing entrance re...