How to Start a Roofing Business In Wales
Here is information on how to start a roofing business in Wales. You must do your own thorough research, as laws change regularly, and may vary depending on your locale. Here are some steps you may have to take (not necessarily in order) to start your roofing company, along with links to more information.
Getting started– Here are a few official websites about starting a business in Wales: https://businesswales.gov.wales/ and https://www.gov.uk/set-up-business
-Register your business name.
Find out more about registering your roofing company name here:
If you need help selecting a name for your roofing business: Choosing a Roofing Company Name
-Select your business structure.
Find out more here: https://www.gov.uk/business-legal-structures
-Register your business.
You can find out more about registering your roofing business with the UK here:
-Open a Business Account with your Bank.
You will need to open a separate bank account for your business with your new business name.
-Find out about taxes, insurance, and fees 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 have an accountant do the work. More info about taxes here:
-Get Liability Insurance.
Find an insurance agent that offers liability insurance. You may want to shop around, as prices and options can vary. Roofers have a higher risk than other types of contractors, so insurance costs may be more than for other types of construction.
The insurance agency that provided your liability insurance should be able to help with this. You don’t need Worker’s Compensation unless you have employees.
Depending on the locale, you may need permission before commencing certain types of roofing jobs.