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Commonly Asked Questions about Virginia Construction Contractor Forms

Compared to other states, Virginias contractor license requirements are generally straightforward. Anyone performing or managing a project or removing, repairing, or improving a project valued in excess of $1,000 requires a license. That means general contractors need to carry state-issued licenses.
#2: Decide on your Virginia contractor license type In order to get a Class A license, you need to prove $45,000 of equity with a Financial Statement Form or a surety bond. Class B applicants need to prove $15,000 of equity, also with the form or a bond. Then, you need to choose your license specialty. How Do I Get My Virginia Contractor License? vacontractortraining.com career-central vacontractortraining.com career-central
Register Your Business Youll start by creating an account with the SCC Clerks Information System (CIS)you just need a username and password. The cost to register a new LLC or LLP in Virginia is $100, and the cost to register a new corporation starts at $75 and goes up depending on the number of authorized shares.
A good rule of thumb is an initial deposit of no more than 10% down or $1,000, whichever is less. Unless the job requires custom-made items or special orders, in which case an initial down payment should be no more than 30% of the total value of the contract.
To obtain your general contractor license in Virginia, you must take the following steps: Register your business with the State Corporation Commission. Register your business with Virginia Tax. Choose your license class and specialty (if applicable).