Building Contractor Form For Sale
Description
How to fill out Basic Building And Construction Contract Between Owner And Contractor?
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FAQ
The contractor is deemed to be the consumer of the materials and must pay sales tax on these purchases. Contractor generally cannot use a resale certificate. ? Exception #1: Contractor can use a resale certificate if the contractor is a ?two-hatter? ? i.e., the contractor is also a retailer of goods.
A General or Mechanical Contractor's license is required for anyone performing commercial construction over $10,000 in the regulated classifications listed in Title 40, Chapter 11, Section 40-11-410, An Act to Regulate the Practice of General and Mechanical Contracting in S.C.
General and mechanical contractors who want to work on commercial and industrial projects valued at over $5,000 need to carry a license (the license also allows them to work on residential jobs). These licenses fall under the control of the South Carolina Contractor's Licensing Board.
North Carolina requires that any general contractors working on contracts in excess of $30,000 obtain a license.
North Carolina grants owners an exemption to act as their own general contractor if they meet the following requirements. The property MUST be listed in your name. The property CANNOT be for rent, lease or sale for one year after the project is completed.