How to Start a Handyman Business In Minnesota
Here is some helpful information on getting your handyman company started in the state of Minnesota. You may want to start here: How To Start A Handyman Business. Make sure you research properly as laws are constantly changing.
Getting started– The state of Minnesota has two websites to help you get your business started: https://mn.gov/deed/business/starting-business/ and http://www.sos.state.mn.us/business-liens/start-a-business/how-to-start-a-business-in-minnesota/
-One of the first things you will need to do is register your handyman business name.
Find out more about registering a fictitious name or DBA (“Doing Business As”) here: http://www.sos.state.mn.us/business-liens/start-a-business/naming-your-business/
-Before registering your business, you will need to select your business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more here: http://www.sos.state.mn.us/business-liens/start-a-business/types-of-minnesota-businesses/
More on Business Entities Here: Handyman Business Structure
-You will need to register your business with the state of Minnesota.
You can register your handyman business with the state of Minnesota here: http://www.sos.state.mn.us/business-liens/start-a-business/how-to-register-your-business/
-You will need to 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.
-You will need to register your business for tax purposes and may want to 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:
-You may want business software
Business software will streamline your 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!
-You will need to get some form of liability insurance.
More about liability insurance here: Contractor Liability Insurance
-Offer Payment Options to CustomersOffering payment options with your bids will help you work with clients that don’t have all the cash up front. Hearth’s software allows you to pre-qualify your customers (without affecting their credit score) directly from a mobile app so that you can win more business and larger project sizes, even on deductibles. With Hearth:
- Loan amounts can range from $1,000-$100,000, and customers can get funds into their account in 1-5 days.
- You can serve clients with credit scores as low as 500.
- You’ll never pay per-loan dealer fees.
- There are no minimum requirements to join!
-You will need to register as a contractor with the state of Minnesota.
Find out more here: http://www.dli.mn.gov/ccld/register.asp
-You may need worker’s compensation if you have employees.
-You will be responsible for 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.
-You need to be aware of building codes and inspections, and are responsible to obtain any necessary city licenses or permits.
You need to make sure your work follows the building codes in your area, realizing that your work may be subject to inspections. You may be required to obtain a license and/or permit to do 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.