BUILDERS LICENSE EXAM SCRIPT FINAL
PAPER FULL QUESTIONS AND ANSWERS
2026
◉ Abatement/Mold Remediation License
Answer: requires a 4 hour course in "unfair trade practices and
consumer protection law".
◉ If an employee requests their W2 from an employer after final
wages are paid...
Answer: The employer has 30 days to fulfill their request
◉ OSHA requires employer's to post an annual summary of injuries
and illnesses.
Answer: No later than February 1st of each year.
◉ OSHA Form 300 must be kept for a period of...
Answer: 5 years after which the form pertains.
◉ Occupational License Taxes are required by...
Answer: Cities and Parishes
,◉ executive summary
Answer: includes highlights of the business plan and is meant to gain
interest of the reader
◉ Company Summary
Answer: the company vision and mission, legal structure,
management personnel, business location, and facilities
◉ Products and Services
Answer: your specific products, primary subcontractors and
suppliers, and expansion opportunities
◉ Market Analysis
Answer: your target market, trends and major competitors are
defined here
◉ Market Strategy
Answer: the uniqueness of your product along with your pricing,
advertising, and promotional strategy
◉ Financial Plan
Answer: Financial statements, balance sheet, income statement, and
cash flow statement
,◉ Sole Proprietorship
Answer: a business owned and managed by a single individual
◉ Partnership
Answer: A business in which two or more persons combine their
assets and skills
◉ Limited Liability Corporation
Answer: a type of business with limited liability for the owners, with
the advantage of not paying corporate income tax
◉ C Corporation
Answer: The most common type of corporation, which is a legal
business entity that offers limited liability to all of its owners, who
are called stockholders
◉ S corporation
Answer: a form of corporation that avoids double taxation by
passing items of income, loss, deduction, and credits through to its
shareholders
◉ Joint Venture
, Answer: an agreement between two or more companies to share a
business project
◉ business License
Answer: protects the public from unqualified, inexperienced,
incompetent or unethical contractors
◉ Licensing Authorities
Answer: conduct investigations and discipline problem contractors,
levee fines, and even revoke licenses
◉ Louisiana Licensing Board
Answer: 15 members appointed by the governor and represent each
voting district.
◉ Commercial Contract
Answer: license is required for $50,000 or more
◉ Electrical and/or Mechanical Contract
Answer: License is required for $10,000 or more
◉ Residential Contract
Answer: license is required for $75,000 or more
PAPER FULL QUESTIONS AND ANSWERS
2026
◉ Abatement/Mold Remediation License
Answer: requires a 4 hour course in "unfair trade practices and
consumer protection law".
◉ If an employee requests their W2 from an employer after final
wages are paid...
Answer: The employer has 30 days to fulfill their request
◉ OSHA requires employer's to post an annual summary of injuries
and illnesses.
Answer: No later than February 1st of each year.
◉ OSHA Form 300 must be kept for a period of...
Answer: 5 years after which the form pertains.
◉ Occupational License Taxes are required by...
Answer: Cities and Parishes
,◉ executive summary
Answer: includes highlights of the business plan and is meant to gain
interest of the reader
◉ Company Summary
Answer: the company vision and mission, legal structure,
management personnel, business location, and facilities
◉ Products and Services
Answer: your specific products, primary subcontractors and
suppliers, and expansion opportunities
◉ Market Analysis
Answer: your target market, trends and major competitors are
defined here
◉ Market Strategy
Answer: the uniqueness of your product along with your pricing,
advertising, and promotional strategy
◉ Financial Plan
Answer: Financial statements, balance sheet, income statement, and
cash flow statement
,◉ Sole Proprietorship
Answer: a business owned and managed by a single individual
◉ Partnership
Answer: A business in which two or more persons combine their
assets and skills
◉ Limited Liability Corporation
Answer: a type of business with limited liability for the owners, with
the advantage of not paying corporate income tax
◉ C Corporation
Answer: The most common type of corporation, which is a legal
business entity that offers limited liability to all of its owners, who
are called stockholders
◉ S corporation
Answer: a form of corporation that avoids double taxation by
passing items of income, loss, deduction, and credits through to its
shareholders
◉ Joint Venture
, Answer: an agreement between two or more companies to share a
business project
◉ business License
Answer: protects the public from unqualified, inexperienced,
incompetent or unethical contractors
◉ Licensing Authorities
Answer: conduct investigations and discipline problem contractors,
levee fines, and even revoke licenses
◉ Louisiana Licensing Board
Answer: 15 members appointed by the governor and represent each
voting district.
◉ Commercial Contract
Answer: license is required for $50,000 or more
◉ Electrical and/or Mechanical Contract
Answer: License is required for $10,000 or more
◉ Residential Contract
Answer: license is required for $75,000 or more
