Business Classes

Avoid the State Business and Law Exam

That’s right! If you take our 2 day Business and Law video course, you are exempt from taking the Business and Law exam.

Business and Law Classes

Here are some of the topics covered in this class:

Business Plans

  • Being an Entrepreneur
    • Rewards and Challenges

Choosing a Business Structure

  • Sole Proprietorships
  • Partnerships
  • C Corps
  • S Corps
  • LLC’s
  • Joint Ventures
  • Naming Your Business
    • New Mexico Regulations for Contractor Business Names

Getting Licensed in NM

  • NM Contractor License Classifications
  • License Qualifications
  • QP vs License Holder
  • Filling out Your Approval Paperwork
  • Submitting the Paperwork to PSI
  • Testing
  • Final License Application

Managing Risk

  • Insurance
    • All Risk Builder’s Insurance
    • Named Peril Builder’s Risk
    • Equipment Theft Insurance
    • Equipment Floaters
  • Liability Insurance
    • Commercial GL
    • Umbrella Insurance
    • Completed Operations Insurance
    • Professional Liability Insurance
  • Automobile Insurance
  • Key Man Life Insurance
  • Worker’s Compensation
    • NM Regulations for Comp
  • Subcontractor Insurance
  • Bonds
    • Types
    • Qualifying for a Bond
    • Claims
    • Bonding Federal Projects
    • Required Bonding for NM Contractors

Your Business Toolbox

  • Time Management
  • Business Ethics
  • Technology

Marketing and Sales

  • Executing Your Marketing Plan
  • Logos, Stationery, and Business Cards
  • Promotional Materials
  • Public Relations
  • Effective Selling Skills
  • Organizing the Sales Process
  • Your Sales Presentation

Bidding and Estimating

  • Bid Documents
  • Estimate Planning
    • Project Document
    • Site Visit
  • Estimating Framework
    • Systematic Approach
    • Defining the Phases
    • Material and Task List
    • Estimating Checklist
  • Determining Estimated Costs
    • Quantity Take-Off Method
  • Other Estimating Methods
  • Job Cost Recording Systems

Contract Management

  • Required Contract Elements
  • Contract Provisions
  • Contract Price and Payment Terms
  • Breach of Contract
  • Boilerplate Provisions
  • Provisions to Limit Risk
  • Types of Construction Contracts
  • Resolving Claims
  • Alternative Dispute Resolution
  • Oral Agreements
  • Subcontracting
  • NM Lien Laws

Scheduling and Project Management

  • Scheduling Methods
  • What is Project Management
  • Who is the Project Manager
  • Tracking the Progress of the Project
  • Budget Tracking
  • Customer Satisfaction Surveys

Employee Management

  • Interviewing and Hiring
  • Hiring Minors
  • Employee Documentation
  • Fair Labor Standards Act
  • Immigration and Nationality Act
  • ADA
  • Other Labor Laws
  • Required Postings
  • Employee Handbook and Policies
  • Employee Satisfaction
  • Employee Benefits
  • Disciplining Employees
  • Terminating Employees

Jobsite Safety and Environmental

Working with Subcontractors

  • Sources for Finding Subs
  • Creating Partnerships
  • Employees vs Independent Contractors
    • Behavioral Control
    • Financial Control

Financial Management

  • Bookkeeping
  • The Accounting Cycle
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Methods of Accounting
    • Cash Method
    • Accrual Method
  • Cash Management
  • Payments

Tax Basics

  • Employee Identification Number
  • Federal Business Taxes
  • Income Tax
  • Federal Employment Taxes
    • FICA
    • Federal Withholding
    • Deposit Schedule
    • FUTA

Business and Law Classes