Is there a Minimum Net worth Requirement for Licensure in Georgia?
A General Contractor Individual does need a minimum net worth of $150,000, as for a General Contractor Limited Tier Individual, limited by their need to have a minimum network of $25,000. If you are applying as the qualifying agent, the net worth must be under the business name. Anything lower than a general contractor would not need a net worth.
What are the Net worth of each License
- General Contractor Individual- applications need a minimum net worth of $150,000 to show they are bored when applying for their license.
- General Contractor Limited Tier Individual- applicants who want the limited their need a minimum of $25,000