21 NCAC 50 .0407             CORPORATIONS, PARTNERSHIPS AND TRADE NAMES

(a)  Licensees shall list their license with the Board in the name in which they conduct business.

(b)  A contractor license may be issued or renewed in the name of a corporation, partnership, State or local governmental agency, private educational institution, or business with a trade name upon compliance with the provisions of G.S. 87-26, verified by the execution of a form for that purpose furnished by the Board which is available at nclicensing.org.

(c)  Additional licensees may be added to licenses issued in the above manner upon verifications of compliance with the provisions of G.S. 87-26. If a licensee terminates his association with a corporation, partnership, State or local governmental agency, private educational institution, or business with a trade name, both the firm and the licensee shall notify the Board within 30 days by completing the form for that purpose which is available at nclicensing.org.

(d)  A person who has a license which has been expired less than three years may be added to an active license issued in the name of a corporation, partnership, State or local governmental agency, private educational institution, or business with a trade name, upon written request, completion of forms provided by the Board, and payment of the fee set forth in Rule .1102 of this Chapter.

(e)  The license number assigned to a corporation, partnership, State or local governmental agency, private educational institution, or business with a trade name shall be that of the first licensee listed on the license.

(f)  A corporation, partnership, State or local governmental agency, private educational institution, or business with a trade name which is issued a license is subject to the provisions of G.S. 87, Article 2 and to the rules in this Chapter.

History Note:        Authority G.S. 87-18; 87-22; 87-26;

Eff. February 1, 1976;

Readopted Eff. September 29, 1977;

Amended Eff. December 31, 2011; November 1, 1994; November 1, 1993; July 1, 1991; May 1, 1989;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 22, 2015;

Amended Eff. July 1, 2020.