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Simply put, being an independent contractor is one way to be self-employed. Being self-employed means that you earn money but don't work as an employee for someone else.
A handyman must hold a state license in Louisiana for home improvement projects or residential projects where the labor and materials cost more than $7,500. The residential license is issued by the Louisiana State Licensing Board for Contractors.
A Residential license is required for residential building contractors when the cost of the undertaking exceeds seventy-five thousand dollars ($75,000).
A Louisiana state contractor's license/registration is required if you contract, bid, or perform work where to total project value including labor and materials exceeds the minimum threshold to hold a commercial license, residential license, mold remediation license, or an home improvement registration in the state of
Unlicensed contractors in Louisiana have little recourse for nonpayment. Performing construction work in Louisana without a proper license can already lead to a bunch of trouble. First and foremost, the LA State Licensing Board for Contractors could fine the contractor up to 10% of the total contract value.
A Commercial license is required for commercial projects of fifty thousand dollars ($50,000) or more; one dollar ($1) or more for hazardous materials; or in excess of ten thousand dollars ($10,000) for Plumbing, Electrical or Mechanical. The total value of the project includes the cost of all labor and materials.
If the total project amount exceeds $50,000 for commercial projects, $10,000 for plumbing, electrical & HVAC, and $7,500 for residential projects, a contractor's license is required.
Just like commercial projects, subcontractors and specialty trades working on the residential project need to be licensed, unless the contract price is less than $75,000.
Independent contractors are self-employed workers who provide services for an organisation under a contract for services. Independent contractors are not employees and are typically highly skilled, providing their clients with specialist skills or additional capacity on an as needed basis.