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  • Qualifying a 2nd company

    I have a friend that wants to start a plumbing company in the same state "Florida" but differant area then me does anybody know what the going rate is to charge him to qualify his company. It would probaly be for just a year until he gets his license I herd 5% but dont know and should there be money up front to? Thanks Guys
    You can lose with me, but you can't win without me!.... PPI

  • #2
    Re: Qualifying a 2nd company

    I guess it really depends on what it is worth to you to assume that liability then add a percentage of his gross to it. So if you figure you are willing to lose your license and be responsible for all of his work and unpaid taxes for a dollar amount equal to $100,000 (cost to move out of State and start over) that is where you should start. In addition, you should ask for a percentage of his gross.

    Before you make any commitments you may want to read Chapter 489 of the Florida Statues.

    Mark
    Last edited by ToUtahNow; 01-27-2009, 08:19 PM.
    "Somewhere a Village is Missing Twelve Idiots!" - Casey Anthony

    I never lost a cent on the jobs I didn't get!

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    • #3
      Re: Qualifying a 2nd company

      Are you talking about riding under your license, illegally?
      Northern Kentucky Plumbers Twitter Feed | Plumbing Videos

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      • #4
        Re: Qualifying a 2nd company

        No. In Florida you can qualify two companies legaly.
        You can lose with me, but you can't win without me!.... PPI

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