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Hello, I consider buying a roofing business, don't have a license. The seller agrees to stay as RMO after the transaction. Just would like to understand if it is legal if he will not be involved in daily activities/supervision. Thanks
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Construction and Real Estate Attorney serving Burbank, CA
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Short answer: no. It is against the licensing laws to have an RMO who is not actually involved in the business. You need to get your own license. Cal Bus & Prof Code §7068.1 mandates the active involvement of the qualifying person in the business of the licensed entity.
Answered on Oct 03rd, 2016 at 8:42 AM