One person may act as the qualifying party for up to two licensees if he owns at least what percentage of each entity?

To serve as the qualifying party for up to two licensees in Arizona, an individual must own at least 25% of each entity. This requirement ensures that the qualifying party has a sufficient level of control and vested interest in both licensees, allowing them to oversee their operations effectively and maintain the necessary compliance with regulations set forth by the Arizona Registrar of Contractors.

The 25% ownership threshold is a regulatory measure designed to ensure that an individual has a significant stake in both businesses, fostering accountability and promoting responsible management within the licensed entities. This ownership requirement strikes a balance between enabling multiple licenses to be managed by a single individual while preventing conflicts of interest and ensuring that the qualifying party is genuinely invested in the success and compliance of each business.