How To Start A Roofing Business In Idaho
Here is some helpful information on how to start a roofing company in the state of Idaho. You may want to start here: Starting a Roofing Business.
Getting Started- The state of Idaho has a website for helping you get started with your business:
-Register your business name.
Find out more about business name registration here: Filing an Assumed Name
-Select your business structure.
Determine what business structure you wish to have: Sole-proprietor, LLC, Partnership, Corporation, etc. – Choose a Business Entity Type
More on Business Entities: Choosing a Roofing Business Structure
-Register your business.
Find out more here: Idaho Business Registration System
-Open a Business Checking Account.
You will need to open a separate bank account for your 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:
-Get Liability Insurance.
In Idaho and many states, understanding the regulations and laws regarding the need for contractor liability and bonds for contractors can be tricky. Having the right coverage is crucial for all roofing contractors.
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. Plus, their expertise means they’re fast when it comes to getting the right bond and liability coverage. Idaho roofers need to win the job and stay protected at an affordable price. Learn more >
-Register as a Contractor.
Depending on what type of work you will be doing, you may need a contractor license in Idaho. Find out more here: Idaho Division of Building Safety
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 do 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 roofing 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.
Depending on your budget, you may need to apply for financing to help pay for equipment. Direct Capital offers financing for equipment purchases. *Must own a business for 2 years OR have a 700+ FICO score for consideration. Find out more>