Overcoming State a certification hurdles

by a searcher from Northwestern University - Kellogg School of Management

3 years ago

Anyone bought an HVAC company (or similar mechanical contractor) where the state required someone licensed to qualify the business? Appears to be a risk in purchasing the business even if existing owner will qualify for a year. No license = no revenue = risk

3 likes
173 views
7 comments

searcher

I bought a mid market HVAC outfit and found with some study I could pass the needed tests and then the licenses/certifications were in my name. You could have an employee take the tests (they also would need to study for it, field knowledge does not direclty translate to passing these type of tests) but then you dont 100% control it.

2 years ago | like reply | 1 like

searcher from The University of Chicago - Booth School of Business

Agree with ^Searchfunder member‌. The license tests are not difficult. Our business needed 2 different licenses in California. I had a "RME" (Responsible Managing Employee) hold my license till I got mine in a few months. Its a standard industry practice to compensate the RME for holding the license for your company.

3 years ago | like reply | 0 likes

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