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I want to do a joint venture with a licensed Louisiana contractor. How does that work?

LSLBC Statute R.S. 37:2162 regarding Joint Ventures: When two or more persons bid, contract, or perform construction work as a joint venture on any project for which a contractor’s license is required, the joint venture is required to be properly licensed by the board at the time of bid, contract, and performance of work in the classification for which the joint venture will perform work. This requirement applies to but is not limited to a corporation, limited liability company, limited liability partnership, general partnership and any other entity operating as a joint venture on a project for which a contractor’s license is required from this board. This licensing requirement is required before persons or contractors are permitted to bid, contract, or perform work on a project for which a license is required regardless of whether they intended to operate as a joint venture.

 

 

 

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