Compulsory License Price

Many patent law systems provide for the granting of compulsory licenses in a variety of situations. A contractor’s license is a city-issued document that gives a company permission to perform work on private and commercial structures. Determine which category license your company will need.

Less common business types, like home-based businesses and nonprofits, usually require a business license tax certificate as well (see more below). There are two main types of licensure – registration and certification. All other licenses require the passing of a two-part examination consisting of general or “trade” knowledge and business/finance sections. Licensed contractors must maintain both a liability insurance as well as a property damage insurance at all times.

The state licensure test that aspiring contractors must pass consists of two parts

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