What must contractors do in case of a change in business structure?

When a contractor experiences a change in business structure, it is essential for them to notify the Arizona Registrar of Contractors (AZ ROC) and update their license accordingly. This requirement ensures that the contractor remains compliant with state regulations and maintains accurate records associated with their business operations. A business structure change could include significant modifications such as shifting from a sole proprietorship to a corporation or partnership, which can affect the legal standing of the business and its obligations under the law.

Updating the license not only adheres to legal requirements but also protects consumers by ensuring that they have accurate information about the contractor they are dealing with. By staying transparent and current with their licensing information, contractors can uphold the integrity of their business and foster trust within the community.

The other options do not align with the best practices expected from licensed contractors. Keeping changes private can lead to complications in compliance and customer trust. Simply notifying only when required by law could overlook the importance of maintaining current and accurate business records. Lastly, while changing a business name might be necessary in some cases, it is not a blanket requirement or an immediate necessity following all changes in business structure. Therefore, notifying the AZ ROC and updating the license is the correct and responsible action to take.