Hawaii Clauses Relating to Venture Officers

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US-P0605-3CAM
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This sample form, containing Clauses Relating to Venture Officers document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.
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FAQ

For purposes of Code §7068, a ?bona fide employee? (or Responsible Managing Employee, or ?RME?) of the applicant means an employee who is permanently employed by the applicant and is actively engaged in the operation of the applicant's contracting business for at least 32 hours or 80 percent of the total hours per week ...

If you are an RMO and do not have active involvement in the construction and business operations, you risk CSLB administrative penalties against your license(s) as well as criminal prosecution, regardless of whether you're aware of substandard work being performed by unqualified individuals.

The board offers three license types: General Engineering Contractor, General Building Contractor, and Specialty Contractor, which includes plumbers, electricians, roofers, glaziers, and more. Here are the steps to get a contractor's license in Hawaii.

The exemption provided in section 444-2.5, Hawaii Revised Statutes, allows you, as the owner or lessee of your property, to act as your own general contractor even though you do not have a license. You must supervise the construction yourself. You must also hire licensed subcontractors.

The difference is the individual's title. RMO stands for Responsible Managing Officer, so the person would need to be an Officer of the corporation. If the person is not an Officer, they would be an RME, which stands for Responsible Managing Employee. RME's can only Qualify one license at a time.

For purposes of Code §7068, a ?bona fide employee? (or Responsible Managing Employee, or ?RME?) of the applicant means an employee who is permanently employed by the applicant and is actively engaged in the operation of the applicant's contracting business for at least 32 hours or 80 percent of the total hours per week ...

With limited exceptions, all contractors are required to be licensed. Unlicensed contracting activity is illegal in Hawaii and is prosecuted by the Regulated Industries Complaints Office (RICO) of the Department of Commerce and Consumer Affairs.

Responsible Managing Employee. RME. Title of an employee who serves as the qualifying individual on a sole owner, partnership, corporate, or limited liability company license.

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Hawaii Clauses Relating to Venture Officers