How to Start a Handyman Business In Maryland
To start your handyman company in Maryland, you will have to complete a few different steps. You may want to start here: How To Start A Handyman Business. Make sure you research properly as laws are constantly changing.
Getting started– A website created by the state of Maryland on how to start a business can be found here: http://commerce.maryland.gov/start
-Register your handyman business name.
Find out more about registering a fictitious name or DBA (“Doing Business As”) here: http://www.dat.state.md.us/businesses/Pages/Maryland-Checklist-for-New-Businesses.aspx#regi
-Select your business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more here: http://www.dat.state.md.us/businesses/Pages/Maryland-Checklist-for-New-Businesses.aspx#stru More on Business Entities Here: Handyman Business Structure
-Register your handyman business with the state of Maryland.
You can register your business with the state of Maryland here: http://commerce.maryland.gov/start/the-process
-Open a business account at your bank.
You will need to open a separate bank account for your handyman business with your new business name.
-Register your business for tax purposes and hire an accountant.
If you are a small company, it is not too difficult to file your own taxes. As you grow, it will be easier to have an accountant do the work. More info about taxes here: http://taxes.marylandtaxes.com/Business_Taxes/New_Businesses/ and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business
-Get Business Software
Business software will streamline your handyman business before you even start, giving you visibility and control over all your leads, sales, jobs, and tasks from a single program to get your company on the fast track toward growth.
You’ll also be able to create estimates, place material orders, automate the boring (but necessary) stuff, empowering you and your team to finish jobs on time and on budget. Try JobNimbus for Free!
-Get liability insurance.
More about liability insurance here: Contractor Liability Insurance
-Become a licensed contractor with the state of Maryland.
You cannot legally enter into a contract with a homeowner without having a MHIC license. Find out about the contractor license here: https://www.dllr.state.md.us/license/mhic/. The registration application for the Maryland Home Improvement Commission Contractor License is found here: https://www.dllr.state.md.us/license/mhic/mhicapply.shtml
-Get worker’s compensation if you have employees.
-Get your own 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.
-Be aware of building codes and inspections and any necessary city licenses or permits.
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.