How many days does a company have to inform the board when a qualifying party leaves employment?

A company is required to inform the licensing board within 30 days when a qualifying party leaves their employment. This regulation ensures that the board maintains accurate and up-to-date records regarding licensed contractors, which is crucial for enforcement and compliance with state laws. Timely notification allows for the assessment of the contractor’s ability to continue operating under their current license and provides an opportunity for the board to verify that a licensed individual is still associated with the company. This requirement is established to uphold the integrity of the contracting industry in Louisiana and to protect consumers by ensuring that licensed contractors are qualified and appropriately represented.