Section 12.21.045. Changing sole proprietorships and partnerships.

	(a)  A registered contractor that is a sole proprietorship that forms a partnership for the purpose of engaging in the contracting business must apply for a new registration under this section. The partnership must submit  
		(1) a complete application for a new registration, on a form provided by the department;  
		(2) the applicable fees established in 12 AAC 02.180;  
		(3) either a new surety bond or an endorsement to the surety bond on file with the department, as required by AS 08.18.071;  
		(4) evidence of new public liability and property damage insurance, as required under AS 08.18.101;  
		(5) if applicable, workers' compensation insurance as required under AS 08.18.101.  
	(b)  One or more partners of a dissolved partnership may continue to do business under the same business name as the dissolved partnership as a sole proprietorship, or with different partners as a new partnership, by submitting  
		(1) a complete application for a new registration, on a form provided by the department;  
		(2) the applicable fees established in 12 AAC 02.180;  
		(3) either a new surety bond or an endorsement to the surety bond on file with the department, as required by AS 08.18.071;  
		(4) evidence of new public liability and property damage insurance, as required under AS 08.18.101;  
		(5) if applicable, workers' compensation insurance as required under AS 08.18.101.  

Authorities

08.01.080;08.18.021;08.18.051;08.18.071;08.18.101;44.33.020

Notes

Authority

AS 08.01.080 AS 08.18.021 AS 08.18.051 AS 08.18.071 AS 08.18.101 AS 44.33.020

History

Eff. 4/3/88, Register 105; am 1/22/2004, Register 169