How to Start a Roofing Business In Vermont
Make sure you research the laws in your area before starting your roofing company.
Getting started– The state of Vermont has a website about starting a business in Vermont here: https://www.sec.state.vt.us/corporationsbusiness-services/business-registration-services/start-or-register-a-business.aspx
1. Register your business name.
Find out more about your business name at Step #5 here: https://www.sec.state.vt.us/corporationsbusiness-services/other-resources/business-start-up-guide.aspx
2. Choose your business structure.
Decide what structure you want for your roofing business– Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more at Step # 4 here: https://www.sec.state.vt.us/corporationsbusiness-services/other-resources/business-start-up-guide.aspx More on Business Entities: Choosing a Roofing Business Structure
3. Register your business with Vermont.
Find out more about registering your business with the state of Vermont here: https://www.sec.state.vt.us/corporationsbusiness-services/business-registration-services/start-or-register-a-business.aspx
4. Open a Business Account with your Bank.
You will need to open a separate checking account for your business with your new business name.
5. 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://tax.vermont.gov/business-and-corp/register-renew-close-business and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business
6. Get Liability Insurance.
Not all insurance companies offer liability insurance. You may also want to check with numerous insurance companies, as prices and options can vary. Because of the higher risk, roofers tend to pay more for insurance than other contractors. More about liability insurance here: Roofing Liability Insurance
7. Register as a Contractor in Vermont.
Contact your local government to see if you need to register.
8. Worker’s Compensation.
Check with your insurance agency about worker’s compensation. You don’t need Worker’s Compensation unless you have employees.
9. 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.
10. See if you need City License.
You may be required to obtain a license to do business in a particular locale, whether you are a resident, or not.
11. Don’t forget about Permits.
You may need to apply for permits before commencing certain types of roofing jobs, depending on your location.
12. Building Code and Inspections.
You must be aware of building codes for your particular job, and may be subject to inspections.