Louisiana Contractors License Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for your Louisiana Contractors License Exam with multiple choice questions. Each question includes hints and detailed explanations to enhance your understanding. Improve your chances of passing the exam on your first attempt.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

How long do you have to replace a qualifying party after a termination?

30 days
60 days
90 days
120 days

The correct answer is: 60 days

In Louisiana, when a qualifying party is terminated from a business entity holding a contractor's license, the entity is given a specific time frame to replace that individual. The correct choice of 60 days aligns with Louisiana state regulations that dictate a business has this duration to appoint a new qualifying party. This is crucial for maintaining the validity of the contractor's license and ensuring compliance with state laws. Failing to replace the qualifying party within this time frame can lead to regulatory issues, including potential loss of the contractor's license, thereby impacting the ability to continue business operations legally. Understanding this time limit is essential for contractors to remain compliant and avoid any disruptions in their ability to work on projects.