As the average age of installers across the country creeps higher, many contractors face the prospect of creating a complex succession plan to either make sure their family business is seamlessly passed on or maintains value to sell to a new owner. Chris Gulley, owner of Gulley Construction in Bridgeport, Alabama, identified a serious shortcoming in his own succession plan recently — the fact that he was the only installer license holder for his business.In Alabama, the individual holds the license, not the company, so licensing isn’t passed along with the business or to other family members when someone dies.
