Fla. Admin. Code Ann. R. 61G4-15.0024 - Supervision of Business Entities

Documentation of one or more of the following factors in an application to qualify a business entity will demonstrate to the Board, absent evidence to the contrary, that an applicant possesses the ability to properly supervise the proposed additional business entity for purposes of the application:

(1) The applicant to qualify an additional business owns 20% or more of the business to be qualified;

(2) The applicant to qualify an additional business is a W2 employee of the business to be qualified; or

(3) A joint venture agreement or an employment agreement between the applicant and the business organization which expressly establishes the means and methods utilized by the applicant to ensure control over the construction work of the proposed additional entity.

Notes

Fla. Admin. Code Ann. R. 61G4-15.0024

Rulemaking Authority 489.108, 489.119 FS Law Implemented 489.119 FS

New 5-2-12, Amended by Florida Register Volume 50, Number 080, April 23, 2024 effective 5/5/2024.

New 5-2-12.