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: http://www.revenue.state.mn.us/businesses/Pages/Business-Registration.aspx and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business
You will need to get some form of liability insurance.
Talk to a number of insurance agents about your options, as prices and options can vary. More about liability insurance here: Contractor Liability Insurance
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.
The insurance agency that provided your liability insurance should be able to help with this.
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.