Law and Business Management Exam Prep | Mississippi


8 Hour | Online Text Course
Regardless of whether you are seeking a residential or a commercial contractor license, you will be required to pass the Business and Law exam.  Prepare for the exam with this course which is mobile friendly so you can study anytime, anywhere! 

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This course will prepare students for the Business and Law portion of the exam and is based on the relevant chapters found in the Mississippi NASCLA Contractors Guide to Business, Law and Project Management, 4th Edition.

Licensing Law

Residential Licensing Law

Licensing Requirements
Licensing Application and Examination
Offenses and Penalties
Application for License
Complaint and Hearing Procedures
Administrative Penalties

Commercial Licensing Law

Board Composition
Board Powers and Responsibilities
Application for Certificate of Responsibility

Bidding and Estimating

Bid Documents
Estimate Planning
Determining Costs
Common Sources of Error
Submitting the Bid
Job Cost Recording
Estimating Software
Making a Profit

Lien Law

Filing a Claim of Lien
Interim Waiver and Release Upon Payment
Waiver and Release Upon Final Payment
Affidavit of Nonpayment 

Payment Bond

Financial Management

Accounting Cycle
Financial Ratios and Trend Analysis
Methods of Accounting
Contract Accounting
Cash Management
Equipment Records
Accounting for Materials
Payroll Accounting

Tax Law

Federal Taxes
Mississippi State Taxes

Employee Management

Hiring Employees 
Hiring Minors for Construction 

Employee Documentation 
Federal Acts
Other Labor Laws 
Workers and Unemployment Compensation 

Project Management

Project Schedule
Cash Flow
Project Management
Project Life Cycle
Daily Reports
Budget and Cost Controls
Tracking the Budget
Quality Control
Value Engineering

Contract Management

Basic Contract Elements
Contract Provisions
Breach of Contract
Limiting Risk
Types of Contracts
Methods of Contracting
Change Orders
Dispute Resolution
Contract Documents and Project Manual
Oral vs. Written Contracts

Business Organization

New Business Start-up
Establishing a Business Entity
Naming your Business

Risk Management

Employment Insurance
Contract Surety Bonds
Federal Construction Projects
Mississippi Public Construction Projects

Jobsite Safety and Environmental Factors 

Safety and Health Programs

Environmental Laws
Hazardous and Non-hazardous Waste
Lead Based Paint 

What to do next?

Customer service will be available by email or telephone between 8am and 6pm Eastern Standard Time. They will assist you with questions regarding course content.

If you have any questions, please call us at 1-800-727-7104 or send an email to Email responses will usually be returned promptly, but guaranteed within one business day.

Student policies and procedures are always available by going to our website and scrolling to the bottom of the page (See Attendance, Privacy and Refund Policy).

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