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.
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.
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.