Overview & Benefits
Obtaining a Contractors License in Minnesota
Every re-modeler and building contractor that works with a homeowner must hold a license in Minnesota. Homeowners that plan to work on their own property also need to obtain a license if they are remodeling or building to resell.
In the state of Minnesota, you can obtain two different kinds of contractor licenses:
- Residential builder. The state approves a residential builder to build both residential structures and commercial facilities. They are also licensed to do repairs, alterations, maintenance, and remodeling projects.
- Maintenance and Alteration. A licensed contractor for maintenance and alteration is only qualified to do one task involved in the building process. Contractors could get a maintenance and alteration license for tasks like concrete, roofing, masonry, and more.
You will need to pass an exam to receive both of these licenses. We will help you choose the exam that’s right for your career goals.
The Benefits of Having a Contractor's License in Minnesota
Whether you are a residential or maintenance and alteration contractor, there are many benefits to this line of work. Here are some of the biggest advantages of obtaining a contractor license:
Achieve financial independence.
By holding a contractor license, you have a greater opportunity for financial independence. You become your own boss, make your own schedule, and start generating money quickly. You also have the option of working full-time or part-time when starting your own business. With a contractor license, the economic possibilities are endless.
Guaranteed payment for your work.
If you have a contractor license, you will always receive payment for the work you do. This is because of laws that allow contractors, laborers, and subcontractors to put a mechanics lien on a homeowner's property if payment is not received. If this lien is left unpaid, the house is foreclosed on, basically guaranteeing you will receive the money you earned.
As a licensed contractor, you have more job security than you would if you were unlicensed. You can bid on jobs that are more than about 500 dollars and get more business because of your license. Also, you never have to worry about losing your work to an unlicensed laborer. By pursuing a career as a contractor, you'll have more job security than ever.