How to Start a Handyman Business In Wisconsin
Getting Started: Here is some information on starting your own handyman business in Wisconsin. It’s important to note that laws and regulations can change frequently, so it’s crucial to conduct your own research and stay up-to-date with any changes. In this guide, we’ll outline the key steps you need to take to start your own handyman company in Wisconsin, and provide helpful links for more information. You may want to start here: How To Start A Handyman Business.
The state of Wisconsin has resources that will help if you want to start a business in Wisconsin. The Wisconsin Business Portal is a great place to start. It provides valuable information on registering your business, obtaining necessary licenses and permits, and finding financing options. You can also find information about state taxes, employment laws, and other regulations that may impact your business.
-Register your handyman business name.
The first step to starting your handyman business is to choose a name that will represent your company well. Contact your county government about registering your business name, and make sure to choose a name that isn’t already taken. If you’re having trouble coming up with a name, check out our helpful guides: Choosing a Business Name and Handyman Business Name Ideas which both provide tips and suggestions to help you find the perfect name for your handyman business.
-Select your business structure.
The next step is to decide on your business structure. There are several options to choose from, including sole proprietorship, LLC, partnership, and corporation. Each has its own advantages and disadvantages, so it’s important to do your research and choose the structure that best suits your needs. The Wisconsin Department of Financial Institutions provides more information about the various business entity types and their requirements.
-Register your handyman business.
Once you’ve chosen your business structure, you’ll need to register your business with the state of Wisconsin. You can get started by visiting the Open for Business website, which provides an easy-to-use online portal for business registration. This step is crucial to ensure that your business is recognized and that you can legally operate in the state.
-Open a Business Checking Account.
To keep your personal and business finances separate, it’s important to open a separate bank account for your handyman business. This will help you keep track of your expenses and income, and make it easier to file taxes and manage your finances.
-Find out about taxes, hire an accountant.
Understanding taxes is essential to running a successful business. As a small company, you may be able to file your own taxes, but as you grow, it’s often easier to hire an accountant to handle this aspect of your business. The Wisconsin Department of Revenue provides valuable information about state taxes, and the IRS website has helpful resources for small businesses and self-employed individuals.
-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.
As a handyman, you’ll need liability insurance to protect yourself and your business from potential lawsuits. We work with ContractorsLiability.com because they’re the one-stop-shop for General Liability insurance and are able to get online quotes in all 50 states. Learn more >
More about liability insurance here: Contractor Liability Insurance
-Register as a Contractor.
Depending on where your business is located, you may be required to register with your local government to operate legally. This process can vary from place to place, so it’s important to check with your local government to find out if this is required in your area. Registering as a contractor ensures that your business is recognized and accountable for its actions.
-Get Health Insurance.
As a self-employed business owner, you are responsible for your own health insurance. This means that you will need to obtain your own coverage, which can be a complex process. Additionally, if you have employees, you will need to obtain a plan that covers their health needs as well. There are a variety of health insurance options available, so it’s important to do your research and find a plan that meets your needs and budget.
In addition to obtaining the necessary licenses and permits required by your local government, you may also need to obtain a city license to operate your handyman business. This license will allow you to conduct business within the city limits and may have specific requirements that you will need to meet. Be sure to check with your local government to find out if a city license is required for your business.
Depending on the type of handyman jobs you plan to perform, you may need to apply for permits before beginning work. These permits are issued by local government agencies and ensure that your work meets all building codes and safety regulations. It’s important to research the specific requirements for the type of work you plan to do and obtain any necessary permits before beginning the job.
-Building Code and Inspections.
it’s essential to be aware of building codes for your particular job and to know that you may be subject to inspections. Local building codes are in place to ensure safety and quality standards are met, and failing to adhere to them can result in fines, penalties, or even legal action. Be sure to stay up to date on the codes and regulations that apply to your work to avoid any potential issues.
Depending on the number of employees you have, you may also need to follow Occupational Safety and Health Administration (OSHA) regulations to ensure a safe workplace. OSHA is a federal agency that sets and enforces safety standards for businesses. Compliance with these regulations helps to ensure a safe working environment for you and your employees. You can visit the OSHA website to learn more about the regulations that apply to your business and how to comply with them.