In today’s challenging and competitive economy, it’s more important than ever that general contractors and subcontractors know and understand their rights and responsibilities to ensure successful projects. The following are issues that any successful general contractor and subcontractor should review:
· What’s the structure of your company (corporation or limited liability company) and are the appropriate governing documents prepared and/or updated, such as operating agreements and by-laws?
· Have you filed yearly annual reports with the State of Michigan and designated a registered agent with the State?
· Are you and your company appropriately licensed? For residential builders, the company must be licensed through a qualifying officer.
· For residential projects, are you performing the work of a written contract with the homeowner that clearly describes the scope of work and price that also contains your residential builders license number and certain other language required by the Michigan Construction Lien Act?
· If you don’t have a direct contract with the project owner, are you providing the owner with a notice of furnishing within 20 days of commencing work to protect your lien rights?
Learn more about understanding the rights of general contractors here.
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For more information or to speak to a construction lawyer in Ann Arbor, Michigan, please contact Matthew Jane at 734-665-4441 or fill out our contact form.
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