How to Start a Roofing Business In Minnesota
Before moving ahead with your business, you may want to create a business plan.
Getting started– The state of Minnesota has two websites to help you get your business started: https://mn.gov/deed/business/starting-business/ and http://www.sos.state.mn.us/business-liens/start-a-business/how-to-start-a-business-in-minnesota/
One of the first things you will need to do is register your business name.
Find out more about registering a fictitious name or DBA (“Doing Business As”) here: http://www.sos.state.mn.us/business-liens/start-a-business/naming-your-business/
If you need help selecting a name for your roofing business: Choosing a Roofing Company Name
Before registering your business, you will need to select your business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more here: http://www.sos.state.mn.us/business-liens/start-a-business/types-of-minnesota-businesses/
You will need to register your business with the state of Minnesota.
You can register your business with the state of Minnesota here: http://www.sos.state.mn.us/business-liens/start-a-business/how-to-register-your-business/
You will need to 0pen a business account at your bank.
You will need to open a separate bank account for your business with your new business name.
You will need to register your business for tax purposes and may want to hire an accountant.
If you are a small company, it is not too difficult to file your own taxes. As you grow, it will be easier to have an accountant do the work. More info about taxes here: http://www.revenue.state.mn.us/businesses/Pages/Business-Registration.aspx and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business
You will need to get some form of liability insurance.
In Minnesota 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. Minnesota roofers need to win the job and stay protected at an affordable price. Learn more >
You will need to register as a contractor with the state of Minnesota.
Find out more here: http://www.dli.mn.gov/ccld/register.asp
You may need worker’s compensation if you have employees.
The insurance agency that provided your liability insurance should be able to help with this.
You will be responsible for your own 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 need to be aware of building codes and inspections, and are responsible to obtain any necessary city licenses or permits.
You need to make sure your roofing work follows the building codes in your area, realizing that your work may be subject to inspections. You may be required to obtain a license and/or permit to do business in a particular locale, whether you are a resident, or not.
You may be subject to OSHA regulations.
Depending on how many employees you have, you may need to follow OSHA regulations. http://www.osha.gov