What is “business succession” in the construction industry? We will also explain frequently asked questions!

If you are a construction company and are thinking about transferring your construction business, merging or splitting your company, do you know the procedures for "business succession" in the construction industry?

If the successor company "closes" the construction business and the successor company obtains a new construction business license through the usual combination of "business closure notification" and "new application," the construction business license will be processed from the time the business goes out until the new license is obtained. Blanks may occur.

However, by completing business succession procedures, you can maintain your construction business license without leaving it blank even in the event of a transfer, merger, or split.

Q1. Is business succession possible under any circumstances?

A1. If the successor party originally has a construction business license, there are cases where business succession procedures cannot be completed.

Q2. What is the procedure?

A2. The flow is as follows: prior consultation at the government office → application → examination → approval → issuance of permission notice → submission of documents to be submitted at a later date.

Q3.What documents are required?

A3. Roughly speaking, it is "documents for new license application + documents that confirm the details of business succession." For example, in the case of a merger, we will submit a merger agreement.

Q4. What will happen to the permit number and validity period?

A4. The permit number will be carried over as is. The validity period is 5 years from the date of succession.

Q5. What will happen to financial statements and accounting?

A5. Financial statements must be submitted by "a company that held a construction license as of the closing date."
vinegar. Even after the business has been inherited, if you have a permit as of the closing date, you will need to submit it.
Although it is possible to undergo a normal economic audit, it is also possible to undergo a "special economic audit" after business succession.
can also do. In particular, when participating in bidding, some local governments require a ``Special Economic Audit'' notification.
There is a case that comes up.

If you are thinking about business succession, please contact us as soon as possible.
Document review for succession procedures may take approximately three months depending on the jurisdiction.
Taking into consideration the time required for prior consultation with the government and preparing documents, it is acceptable to do this in advance at the consideration stage.
Please feel free to contact us.

Leave your construction permits to us!

We often receive inquiries about the following regarding construction permits:

・Obtaining permits takes time and effort, delaying the progress of other projects.
・I would like to know more about whether the requirements for the construction industry are met.
・I would like the company to consult with me about whether notification is required when directors change.
　
At our company, we use our extensive experience and know-how to provide thorough and thorough consultation regarding the important points, required documents, and requirements for obtaining a construction business permit.
Since we have a track record of handling over 300 cases, we are able to provide consultations and proposals tailored to each customer.

Support Administrative Scrivener Corporation Construction Industry Site