A Layton contractor accused of not operating a financially sound business has agreed to a one-year probation of his license, an order said.

During probation, David L. Powell must submit quarterly financial statements and prevent tax liens from being filed against customers or his company, Powell Enterprises, according to a stipulation and order with the state Division of Occupational and Professional Licensing.A petition accusing Powell of unprofessional conduct said he failed to pay for materials within 120 days and then filed for personal bankruptcy. Under state law, contractors must pay their bills within 120 days and demonstrate financial responsibility or face sanctions against their licenses.