Texas Construction Trust Funds: Accounts and Control
Texas contractors control statutory trust funds. Residential homestead jobs over $5,000 add specific construction-account and recordkeeping requirements.
Buildplus Money Matters
Texas contractors control statutory trust funds. Residential homestead jobs over $5,000 add specific construction-account and recordkeeping requirements.
New York contractors must keep project trust funds identifiable and properly documented. Dedicated Buildplus project accounts make that discipline easier.
Michigan law does not require a separate bank account for every construction project, but contractors must protect project funds and be able to show where the money went.