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.
-Register your business name.
Find out more about business name registration here: https://idahobizhelp.idaho.gov/BusinessEssentials/AssumedBusinessName.aspx
-Select your business structure.
Determine what business structure you wish to have: Sole-proprietor, LLC, Partnership, Corporation, etc. – http://business.idaho.gov/Default.aspx?tabid=474 More on Business Entities: Choosing a Roofing Business Structure
-Register your business.
Find out more here: https://labor.idaho.gov/ibrs/ibr.aspx
-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: https://tax.idaho.gov/i-1132.cfm and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business .
-Get Liability Insurance.
Find an insurance agent that offers liability insurance. You may want to shop around, as prices and options can vary. Roofers have a higher risk than other types of contractors, so insurance costs will be more for roofers than landscapers, painters, etc. More about liability insurance here: Roofing Liability Insurance
-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: https://dbs.idaho.gov/contractors/
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.