How to Start a Roofing Business Checklist
There are a number of steps you will need to complete in order to start a roofing business. Some of these steps are critical because they will involve your legal status as a business. You must do your own thorough research, as laws change regularly. Here are some steps you may have to take (not necessarily in order) to start your roofing company, along with links to more information.
You can find more information here: Starting a Roofing Business.
1. Plan your business before you start it.
Make sure you research the competition in your area, decide the services you plan to offer, figure out startup costs, etc.
2. Register your business name.
You will need to register your business name. This is usually called a DBA (Doing Business As) or a Fictitious Name. Make sure you research your business name carefully to make sure it is not trademarked, or used by any other businesses in your area.
If you need help selecting a name for your roofing business:
3. Select your business structure.
You will need to decide on a business entity when registering. Sole-proprietor, LLC, Partnership, Corporation, etc. Sole-proprietor, Partnerships and LLC’s are the most common entities for smaller contractors. Find out more here: Roofing Company Business Structure
4. Register your business.
Each state has different requirements to register a business. Find out about your location here: Register a Roofing Business
5. Open a Business Checking Account.
You will need to open a separate bank account for your roofing business with your new business name. A business account is important to help you keep accurate records.
6. Find out about taxes and hire an accountant.
You may want to file your own taxes if you are a small company. As you grow, it will be easier to hire an accountant do the work. Check with your state’s tax organization to find out the tax requirements for businesses. You will also need to pay federal taxes. More info about federal taxes here:
7. Get Liability Insurance.
Liability insurance plays a critical role in protecting you as a contractor.
We work with ContractorsLiability.com because they’re the one-stop-shop for General Liability insurance and are able to get online quotes in all 50 states. Plus, their expertise means they’re fast when it comes to getting the right bond and liability coverage. Roofers need to win the job and stay protected at an affordable price. Learn more >
8. Register as a Contractor.
Many (but not all) states will require contractor licensing and/or registration.
9. Worker’s Compensation.
10. Get Health Insurance.
Since you will be self-employed, you will need your own health insurance. If you have employees, you will need a plan that will include their health needs also.
11. City License.
You may be required to obtain a license to do business in a particular locale, whether you are a resident, or not.
Depending on the locale, you may need to apply for permits before commencing certain types of roofing jobs.
13. Building Code and Inspections.
You must be aware of building codes for particular jobs, and may be subject to inspections.
Depending on your startup budget, you may need to apply for financing to help pay for equipment. Direct Capital offers financing for equipment for businesses. *Must have a 700+ FICO score OR be in business 2 years for consideration. Find out more>
To get your roofing business going, you may need to use multiple marketing techniques including having a website, yard signs, social media advertising, and more. Find out some helpful roofing advertising tips here: Roofing Marketing Ideas