What must a person own to qualify for more than one active license on behalf of another?

To qualify for more than one active license on behalf of another, an individual must own a minimum of 25% of each company. This ownership percentage ensures that the individual has a significant financial stake in the companies involved. This requirement is crucial as it reflects the need for the licenseholder to have a genuine interest and influence in the business operations, promoting accountability and integrity within the contracting industry.

While having a corporate position can imply a level of involvement in the company, it does not necessarily equate to the ownership interest needed to hold multiple licenses. Approval from the board is also important for regulatory compliance, but it does not speak directly to the ownership requirement. Lastly, owning a minimum of 50% of each company would set a higher threshold than what is mandated, thereby excluding many who hold valid stakes yet don’t meet this more stringent ownership requirement.