NASCLA PRACTICE EXAM QUESTIONS
WITH COMPLETE SOLUTIONS
A limited partners liability is limited to what amount? correct
answer: To the amount they invest in
A contracts license is required for any contract greater than
what? correct answer: $30,000
When and where should you display your license? correct
answer: At your place of business and it should be displayed at
all times
Change of address must be reported within... correct answer: 30
days
When does your contractor license expire? correct answer:
December 31st Is auto liability covered by contractors general liability? correct
answer: No
Who pays for workers compensation? correct answer: Employer
If you are a sole proprietor, partnership, or LLC you are required by law to carry workers compensation if you have more than how many employees? correct answer: More than 3 employees
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