If the qualifying party leaves the licensed entity, how many days should written notice be given to the board?

In the context of Arkansas contractor licensing regulations, when a qualifying party leaves a licensed entity, it's important to notify the appropriate regulatory board to ensure compliance with licensing requirements. The correct time frame for providing written notice in this situation is 15 days. This stipulation is in place to maintain the integrity of the licensing process, allowing the board to update records and take necessary actions regarding the contractor's license status promptly.

Failing to notify the board within the specified time could result in non-compliance issues for the licensed entity, including potential penalties or disruptions in the ability to operate legally. This timeframe demonstrates the importance of keeping regulatory bodies informed of significant changes in contractor management to ensure that all parties are aware of who is responsible for adherence to contract and licensing laws.