How to Start a Handyman Business In Mississippi
Here are some things to consider when trying to start a handyman business in the state of Mississippi. You may want to start here: How To Start A Handyman Business. You must do your own thorough research, as laws change regularly. Here are some steps you may have to take (not necessarily in order) to start your handyman company, along with a few links to more information.
Mississippi has a website to help you get started with your business: http://www.sos.ms.gov/BusinessServices/Pages/default.aspx
-Register your handyman business name.
You may need to register a fictitious name for your business.
-Select your business structure.
Determine what business structure you wish to have: Sole-proprietor, LLC, Partnership, Corporation, etc. https://www.sos.ms.gov/BusinessServices/Documents/Business%20Entities%20(Clean).pdf
More on Business Entities Here: Handyman Business Structure
-Register your business.
You may be required to register your handyman business with your state.
-Open a Business Checking Account.
-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 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: http://www.dor.ms.gov/Business/Pages/default.aspx 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
-Register as a Contractor.
You need to find out if your state or city requires you to register as an insured contractor.
-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.