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#67:  Paying Your Subcontractor's Employees

NH Construction Law

An insurance certificate showing that the sub has workers comp coverage should always be a prerequisite to allowing the sub to proceed. The main advantage of such “trust fund” provisions is in bankruptcy; trust funds are not considered assets of the subcontractor/debtor that can be distributed to general creditors.

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How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

Lay the sheathing: Registration, licensing, and insurance. Get the proper license and insurance according to your state’s requirements. Once you’re registered, licensed, insured, and financially prepared, you’re ready to start thinking about how to grow your roofing business from the ground up.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. The amount of the refund is based on the employer’s unemployment insurance tax rating.

Income 75