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.
In Vermont 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. Vermont roofers need to win the job and stay protected at an affordable price. Learn more >
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.