Florida Regulations 61G4-15.0024: Supervision of Business Entities
Current as of: 2024 | Check for updates
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Documentation of one or more of the following factors in an application to qualify a business entity will demonstrate to the Board, absent evidence to the contrary, that an applicant possesses the ability to properly supervise the proposed additional business entity for purposes of the application:
(1) The applicant to qualify an additional business owns 20% or more of the business to be qualified;
(2) The applicant to qualify an additional business is a W2 employee of the business to be qualified; or
(3) Other evidence of the means and methods utilized by the applicant to ensure control over the construction work of the proposed additional entity.
Rulemaking Authority 489.108, 489.119 FS Law Implemented Florida Statutes § 489.119 History-New 5-2-12.
Terms Used In Florida Regulations 61G4-15.0024
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(2) The applicant to qualify an additional business is a W2 employee of the business to be qualified; or
(3) Other evidence of the means and methods utilized by the applicant to ensure control over the construction work of the proposed additional entity.
Rulemaking Authority 489.108, 489.119 FS Law Implemented Florida Statutes § 489.119 History-New 5-2-12.