Georgia Account Stated for Construction Work

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Multi-State
Control #:
US-0160BG
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Word; 
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Description

An account stated is a statement between a creditor and a debtor based upon a series of prior transactions. Hence, an account stated arises when a particular amount is owed to the creditor by the debtor as of a certain date. An account stated refers to either an agreement itself or to the assent giving rise to the agreement. The agreement to pay the balance amount can be either express or implied. When the agreement to pay is in the nature of a computation, then it is called account stated.
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FAQ

In Georgia, any claim for breach of contract must be brought within six years of the discovery of the defect under OCGA §9-3-24. Also, any claim for negligent construction or fraud must be brought within four years from the time the claim arises under OCGA §9-3-30.

Yes. To perform (or offer to perform) residential or general contractor services for compensation in Georgia, you must be licensed in ance with the laws and rules that regulate this profession.

Generally speaking, construction defect claims are subject to a four-year statute of limitation in Georgia. That means that in most cases a plaintiff must file a lawsuit for such claims within four years from the date that the claims could have first been pursued, which is generally the date of substantial completion.

Georgia, like many other states, requires anyone performing construction work to be licensed by the state. This requirement safeguards property owners from any faulty, inadequate, or unsafe work on their real estate.

The basic requirements to file for a Georgia contractor license are: Be 21 years old or older. Be a US citizen or qualified alien. Pass a criminal background check to show that you have "good moral character" Pay the (non-refundable) application fee.

A contractor license is required to perform any work totaling $2,500 or more. Licenses are issued by the State Licensing Board. You must meet the general contractor license requirements in Georgia to apply.

Independent Contractors are in business for themselves and must obtain a business license prior to commencing work. Generally, if payroll taxes are not deducted from your pay, you are an Independent Contractor. Each Georgia business is only required to have an occupation tax license in one county or city.

This state does not require a license as long as the value of any project you undertake as a handyman does not exceed $2,500. Although this exemption means you don't need a handyman license, Georgia requires a contractor license if your work projects exceed that amount.

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Georgia Account Stated for Construction Work