Owning Construction Company?

[Lauren Lucas]

Is it possible to own a construction company without being a contractor?

[J Scott]

Originally posted by Steven Del Prete:

License aside being its not needed in all areas, I would believe once you use your Name to start a construction company you are automatically a contractor. Unless you wish to never "contract" jobs from people. but then again why start it in the first place?

Warren Buffett owns at least a half dozen construction companies...I'm fairly certain most people wouldn't describe him as a "contractor"...and I'm also fairly certain he doesn't hold a contractor's license in any state...nor would he need to...

In other words, you can certainly start a construction company without being a licensed contractor. While you'll need to employ or partner with those who hold proper licenses, if your core strengths lie in running a construction type business and you can bring a competitive advantage to the business, there's no reason you shouldn't do it.

In my experience, the best restauranteurs are not chefs and the best car manufactures aren't run by guys who have won the Indy 500...