* License will be required for the practice of contracting in South Carolina.
* You must complete the test before applying for the South Carolina license.
* Application fees must be submitted with your application as well as a financial statement, passing test scores, and experience affidavit.
* The South Carolina Business and Law exam is required.
The following financial statement requirements apply to initial applications:
Groups 1 and 2 - Submit a "self-prepared" financial statement - must be signed and notarized. You may generate a balance sheet from your accounting software or obtain a form from a bank. Call (888) 269-7646, and request document #172.
Limit Group 1 - $50,000, Net Worth Requirement - $10,000
Limit Group 2 - $200,000, Net Worth Requirement - $40,000
Group 3 - Submit a “compiled” financial statement prepared by a Certified Public Accountant (CPA) or Licensed Public Accountant (LPA). The financial statement must include a signed cover letter from the CPA or LPA stating it was “compiled”. It must be prepared in accordance with SSARS including all disclosures required by GAAP.
Limit Group 3 - $500,000, Net Worth Requirement - $100,000
Surety Bonds: Beginning with this renewal cycle, the South Carolina Contractor's Licensing Board can now accept a surety bond in lieu of a financial statement for both renewals and initial applications. Basically, an applicant can provide a surety bond in the amount of two (2) times the net worth requirement for the Group Level applied for. For example a General Contractor Group 5 would require a surety bond in the amount of $500,000.
To be eligible to obtain the license you must pass a technical exam and the business and law exam. You must also be able to document 2 years of experience within the last 5 years in the classification of work for which you are applying.
Board Contact Information:
South Carolina Department of Labor, Licensing and Regulation
Synergy Business Park, Kingstree Building
110 Centerview Dr.
Columbia, SC 29210
Hours: Monday - Friday 8:30am - 5:00pm
Website: South Carolina Licensing Board
Frequently Asked Questions: FAQ
The application fee for a new SC contractor's license is $350. To obtain a contractor's license application and other forms for South Carolina go to Get Application