Section 12 AAC 21.050 - Changing sole proprietorship or partnership to a corporation or other entity(a) A registered contractor that is a sole proprietorship or partnership that forms a corporation, limited liability company, limited partnership, limited liability partnership, or other entity, for the purpose of engaging in the contracting business must apply for a new registration under this section. The entity 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, workers' compensation insurance as required under AS 08.18.101. (b) A contractor registration may be issued only to a single entity in good standing.Eff. 7/2/77, Register 62; am 1/22/2004, Register 169; am 8/8/2021, Register 239, October 2021Authority:AS 08.18.011
AS 08.18.021
AS 08.18.051
AS 08.18.071
AS 08.18.101
AS 44.33.020