Hawkins Hogan is a Nashville, Tennessee based law firm specializing in commercial real estate and business litigation.  The attorneys handle commercial lending and finance, real estate development, zoning, land use, title insurance, corporate law, limited liability companies. They handle commercial litigation, business litigation, and real estate litigation in the Middle Tennessee area.

Requirements for Contractor License in Excess of $1.5m Changed- Review vs. Audited Statement

Recent legislation went into effect on April 28, 2017 to change the requirement for an Audited and Reviewed financial statements prepared by a CPA. Prior to this change, an “Audited” financial statement was required to obtain a license limit more than $1,500,000. However, a “Reviewed” financial statement may now be provided for those contractors requesting a monetary limit up to $3,000,000. In addition, the small commercial threshold has changed from $750,000 and now allows a contractor with a BC-b(sm) classification to go up to $1,500,000 (with a Reviewed financial statement) without taking the full commercial BC-B trade exam. S