I'm a bit confused here Nov...
I currently do not have a bussiness permit but I have a Lic. and I have worked with this owner for almost two years on and off.
I hope that's not electrical work. No BP, no work.
The advantage of this is that he would be incurring the insurance cost.
The disadvantage of this is that he can stop paying the premium at any time...and you might never know.
Who will dictate what type of insurance you carry? Him or you? What if you get a nice fire alarm job? What if (God forbid) you burn a house down that exceeds the insurance limit?
By having him pay the insurance, you leave way too many "unknowns" available.
The link that Redsy left is a proposal...I do not know if it has been accepted.
BUT...
The existing law states:
13:31-3.5 Joint ventures
(a) Where two or more persons form a joint venture for the purpose of contracting to perform electrical work in
New Jersey, each party to the joint venture shall hold a business permit issued by the Board to engage in
electrical contracting in New Jersey.
See:
http://www.nj.gov/lps/ca/electric/eleclaws.pdf Either way - it's looks like a "no go".
