How To Start A Handyman Business In Iowa
Here is some helpful information on how to start a handyman company in the Iowa. You may want to start here: How To Start A Handyman Business. Make sure you research properly as laws are constantly changing.
-Register your handyman business name.
Depending on the business structure you choose, you will need to contact your local county recorder, or the secretary of state.
-Select your business structure.
Determine what business structure you wish to have: Sole-proprietor, LLC, Partnership, Corporation, etc. – http://www.iasourcelink.com/regulatory/basics-of-business-entities More on Business Entities Here: Handyman Business Structure
-Register your handyman business.
Find out more here: http://www.iasourcelink.com/regulatory/business-license-home
-Open a Business Checking Account.
You will need to open a separate bank account for your handyman business with your new business name.
-Find out about taxes, 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 information about taxes here: https://tax.iowa.gov/starting-business and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business .
-Get Liability Insurance.
Find an insurance agent that offers liability insurance. You may want to shop around, as prices and options can vary. More about liability insurance here: Contractor Liability Insurance
-Register as a Contractor.
As a handyman, you may need to register as a contractor in Iowa. Find out more here: http://www.iowadivisionoflabor.gov/contractor-registration
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.
-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.
You may be required to obtain a license to operate your handyman business in a particular locale, whether you are a resident, or not. You may also need a license and/or certification to perform certain types of work such as electrical or plumbing.
Depending on the locale, you may need to apply for permits before commencing certain types of handyman jobs.
-Building Code and Inspections.
You must be aware of building codes for your particular job, and may be subject to inspections.