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CSLB: licenses are not transferable; entity changes, bonds and name rules affect licensing
Summary
The Contractors State License Board reiterated that contractor licenses cannot be sold or transferred, explained how changing business entities can require a new license or reissuance, outlined the $25,000 contractor surety bond requirement and clarified business-name rules for sole proprietors and corporations.
A Contractors State License Board licensing-division representative told webinar attendees that "no license is transferable or sellable" and described how business-entity changes affect licensing status.
The representative said the implications differ by entity: in corporate sales the license number typically remains with the corporation because personnel change within the corporate entity; in sole-proprietor sales the buyer must obtain a…
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