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The holder of a NC limited license for GC requires a minimum working capital of?

a) $10,000
b) $50,000
c) $100,000
d) $250,000

1 Answer

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Final answer:

The minimum working capital required for a North Carolina limited General Contractors license is $17,000. The provided multiple-choice options do not list the correct amount.

Step-by-step explanation:

The holder of a NC (North Carolina) limited license for General Contractors (GC) requires a minimum working capital of $17,000. It's important to note that the requirements for working capital can vary depending on the classification and limitation of the license. There are three primary classifications for general contractors in North Carolina: Building, Residential, and Highway, and each has different financial requirements. For a limited license, $17,000 is the minimum net worth or working capital requirement. As for the options provided, none of them accurately reflect the minimum working capital for a limited GC license in NC as of the latest available information.

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