How to Start a Masonry Business in Connecticut
Here is a list of some items you may need to address when trying to start a masonry company in the state of Connecticut. You may want to start here: How To Start A Masonry Business. You must do your own thorough research, as laws change regularly. Below are some steps you may have to take (not necessarily in order) to start your new masonry business, along with a few links to more information.
Getting Started- Here are a few links from the state of Connecticut to help you get started with your business: http://www.ct-clic.com/Content/Smart_Start_for_Business.asp and http://www.ct.gov/drs/lib/drs/publications/pubsip/2015/ip_2015(12).pdf
-Register your masonry business name.
You may need to register a fictitious name for your business. http://www.ct-clic.com/FAQ/faqView.asp?categoryID=17&faqID=79
-Select your business structure.
Determine what business structure you wish to have: Sole-proprietor, LLC, Partnership, Corporation, etc.- https://www.sba.gov/starting-business/choose-your-business-structure
-Register your masonry business.
Find out more here: http://www.ct.gov/drs/cwp/view.asp?a=1433&q=265880
-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 masonry business with your new business name.
-Research Tax Requirements.
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.ct.gov/drs/cwp/view.asp?a=1450&q=512014 and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business .
-Get 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!
-Get Liability Insurance.
-Register as a Contractor.
Find out more about registering as a contractor in Connecticut here: http://www.ct.gov/dcp/cwp/view.asp?a=1629&Q=446966
The insurance agency that provided your liability insurance should be able to help with this. You don’t need Worker’s Compensation unless you have employees.
-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 masonry business in a particular locale, whether you are a resident, or not.
Depending on the locale, you may need to apply for permits before commencing certain types of masonry jobs.
-Building Code and Inspections.
You must be aware of building codes for your particular job, and may be subject to inspections.
Depending on how many employees you have, you may need to follow OSHA regulations. http://www.osha.gov