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wolf452
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« on: May 05, 2008, 10:44:55 AM »

One of our owners is looking to sign up new work in a state that I am not licensed in. (two states actually). He has intimated that maybe I could get licensed. As a PLS the licensing procedure requires a 2-hour state specific test, given bi-annually in April and October.
1) As I fill out the application, should I submit the fees, or ask accounting for a check? Should this be my expense, or the companies?
2) After passage and issuance of the license, should they pay the state licensing fees?
3) Should I expect an increase in my conference/seminar allowance? These two states require continuing education, some state specific, that require attendance at an in-state seminar.

I am already licensed in three states and use all three licenses for the company. This would increase my requirements by almost 100%.

4) Additional compensation (as in raise), this COULD increase the company revenues by 1 to 2 mil per year, with no major increase in expenses (maybe 2 thousand in conference and lic fee).

Mike
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Christopher
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« Reply #1 on: May 05, 2008, 11:00:55 AM »

Great questions!

1.  I would suggest that you submit the fees and then submit them to accounting for reimbursement.  Most business should not have an issue with paying these fees.
2.  The company should pay the state licensing fee.
3.  Definitely!
4.  You should receive some type of compensation for bringing in this additional revenue source.  The question is whether you take it as an increase to your base salary or take it on a commission basis.  You might consider how are you going to market and sell this additional work because just getting a license does not mean that you will instantly have a revenue stream.  Research it very carefully and then decide what is best for you and the company.
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