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Have you declared bankruptcy for this or any other construction company in the home improvement or home remodeling business that you were an owner in?

No. We will provide this information at our first meeting.

This is a question most homeowners never think to ask.

You may be surprised to learn that in a 2011 survey of home remodeling and home improvement companies that advertise in local phone directories, over 35% had gone out of business in the previous 5 years.

When some owners run into credit or quality issues, they shut down the company and open up under a different but similar name.

If you want to avoid hiring a contractor that may have had financial issues in the past, we recommend that you request the following information from each company that you seriously consider hiring.

Please provide the name of each corporation, limited liability company, partnership, sole proprietorship or other legal entity that you have owned in part or in full in the last 5 years. All current owners in the company should provide this information.

Posted in: FAQs