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Skilled trades, like contracting, plumbing, electrical, and HVAC, offer the opportunity to earn a good living and eventually start your own business. Be that as it may, most states have strict licensure requirements in place for these trades to ensure that both public safety and operational standards are met.

In the state of Connecticut, for instance, there is a wide range of requirements for obtaining a license through the Connecticut Contractors State License Board, such as hours of experience and education. In addition, you’ll have to pass a number of related exams, including trade exams and the Business Law Exam. 

How can you best prepare for the latter?

What Is the Business Law Exam?

In order to obtain most contractor licenses in Connecticut, you’ll have to pass not only trade exams but the Business Law Exam, an open-book test that you’ll have two hours to complete. It includes 50 questions, and achieving a passing score requires that a minimum of 70% of the questions be answered correctly.

Topics Covered in the Exam

While the trade exam for your particular license will include topics that are relevant to your field of choice, the Business Law Exam focuses on topics related to the responsibilities of running a contracting business in general. As such, areas of study for the exam include the following:

• Licensing
• Estimating and Bidding
• Lien Law
• Financial Management
• Tax Laws
• Labor Laws
• Project Management
• Contracts
• Business Organization
• Risk Management
• Environmental and Safety

Taking and passing the Business Law Exam shows your understanding of a wide range of professional aspects associated with the contracting business, including legal and financial obligations. Whether you work under the supervision of another professional, you’re an independent contractor, or you start a business that employs other contractors, it’s important that you have the knowledge to operate in compliance with all applicable standards and regulations.

How to Prepare for the Business Law Exam

Preparation is the key to success, and given that you cannot operate as a contractor without passing the Business Law Exam, you’ll need to find an approved exam prep course. The program you choose should cover not only the topics likely to appear on the exam but also any relevant math, accounting, and calculations you may need for testing.

Furthermore, the right exam prep course should include practice quizzes that reinforce key concepts, as well as test simulations that help you feel comfortable and confident in the testing environment. Professional test-taking tips that help you stay calm and focused are a nice bonus.

You’ll want to look for convenient online courses that offer 24/7 virtual access to materials so you can study at your leisure, along with lifetime access so you can refer back to materials at any time to refresh your memory. When courses are created by industry experts and educators, you know you’ll receive information that’s not only relevant to testing but to your professional pursuits as well.

RocketCert is the ultimate resource for professionals looking to obtain licenses, complete with courses designed to prepare you for success. With that being said, if you are interested in obtaining a license to be a contractor, plumber, electrician, or HVAC technician in Connecticut, contact us today to learn more about our exam prep programs and how we can help you.