Section 12 AAC 21.045 - Changing sole proprietorships and partnerships(a) A registered contractor that is a sole proprietorship that forms a partnership for the purpose of engaging in the contracting business must apply for a new registration under this section. The partnership must submit (1) a complete application for a new registration, on a form provided by the department;(2) the applicable fees established in 12 AAC 02.180;(3) either a new surety bond or an endorsement to the surety bond on file with the department, as required by AS 08.18.071;(4) evidence of new public liability and property damage insurance, as required under AS 08.18.101;(5) if applicable, evidence of workers' compensation insurance as required under AS 08.18.101.(b) One or more partners of a dissolved partnership may continue to do business under the same business name as the dissolved partnership as a sole proprietorship, or with different partners as a new partnership, by submitting (1) a complete application for a new registration, on a form provided by the department;(2) the applicable fees established in 12 AAC 02.180;(3) either a new surety bond or an endorsement to the surety bond on file with the department, as required by AS 08.18.071;(4) evidence of new public liability and property damage insurance, as required under AS 08.18.101;(5) if applicable, evidence of workers' compensation insurance as required under AS 08.18.101. Eff. 4/3/88, Register 105; am 1/22/2004, Register 169; am 8/8/2021, Register 239, October 2021Authority:AS 08.01.080
AS 08.18.021
AS 08.18.051
AS 08.18.071
AS 08.18.101
AS 44.33.020