Contractor Business 101: Licensing, Structure & Financial Must-Knows
Manage episode 489565187 series 3649266
Passed your state contractor exam? Congrats—but that’s just the beginning.
In this essential vpod.ai episode, we unpack everything a California contractor needs to know beyond the license—from legal structure to cash flow management. Whether you're just getting started or looking to strengthen your operations, this episode breaks down the business, legal, and financial building blocks that set successful contractors apart.
You’ll learn:
- How to activate your license (and why timing is critical)
- Choosing the right business structure early—and avoiding costly rework
- What every contractor needs to know about RMOs, RMEs, and the 90-day rule
- The real risks and benefits of equity vs. borrowing
- Must-know accounting fundamentals: balance sheets, income statements, and depreciation
- Why net working capital is your key to sustainable growth
- The single financial number you should track weekly—plus a big-picture question to ask yourself
Whether you're running a one-truck operation or planning to scale, this deep dive provides clear, accessible insights to help you build smart, grow safely, and protect your future.
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