How to Start a Roofing Business In Montana
Here are some things to consider when trying to start a roofing business in the state of Montana.
Getting Started– Montana has a web page to help you get started with your business: http://sos.mt.gov/Business/Startup/
- Register your business name.
You may need to register a name for your business. Find out more here: http://sos.mt.gov/business/Names/index.asp
If you need help selecting a name for your roofing business: Choosing a Roofing Company Name
- Select your business structure.
Determine what business structure you wish to have: Sole-proprietor, LLC, Partnership, Corporation, etc. http://sos.mt.gov/business/Models/index.asp
- Register your business.
You may be required to register your business with your state. Find out more here: http://sos.mt.gov/business/toolkit/index.asp
- 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://revenue.mt.gov/home/businesses 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.
- Register as a Contractor.
You may have to register if you have employees. Find out more here: http://erd.dli.mt.gov/work-comp-regulations/montana-contractor
- Worker’s Compensation.
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.
- City License.
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. http://www.osha.gov