Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Should each of the individual contractors (licensees) in a joint venture possess the required license specified in the contract?

April 26, 2017contract contractors individual Joint license licensees possess venture

0

Posted

Should each of the individual contractors (licensees) in a joint venture possess the required license specified in the contract?

1 Answer

0

Posted

No. However, the joint venture license should match the type of license specified by the contract. Per Section 7029 of the Business and Professions Code, a joint venture license may be issued in any classification in which at least one of the enitities is licensed. The section also require that each licensee holds a current and active license in good standing.