How to Start a Roofing Business In South Dakota
Here are some steps on how to become a legal roofing business in the state of South Dakota. You must do your own thorough research, as laws change regularly. . This information will also help you start other roofing and construction-related businesses such as installing gutters and siding.
Getting started– The state of South Dakota has created a website to help you start your business: http://www.sdreadytowork.com/Build-Your-Business/Start-Your-Business.aspx
-Select your business structure
Find out more about business structures (Sole-proprietor, LLC, Partnership, Corporation, etc.) and registering a business name here: https://www.sba.gov/starting-business/choose-your-business-structure More on Business Entities: Choosing a Roofing Business Structure
-Register your business name.
Find out more here: https://sdsos.gov/business-services/fictitious-business-name-registration.aspx
-Register your business.
Find out more about how register your business with the state of South Dakota here: https://sdsos.gov/business-services/default.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 and 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 info about taxes here: http://dor.sd.gov/Taxes/Business_Taxes/ and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business
-Get Liability Insurance.
In South Dakota 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. South Dakota roofers need to win the job and stay protected at an affordable price. Learn more >
-Register as a Contractor.
Check with your local government to see if you need to register.
The insurance agency that provided your liability insurance should be able to help with this.
-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 particular jobs, and may be subject to inspections.