How to Start a Painting Business In Arkansas
Here is how to start your own painting business in Arkansas. The links below will help in registering any type of painting business you may want to start.
Here are two websites from the state of Arkansas that will help if you want to start a business in Arkansas: http://www.dreamitdoitarkansas.com/ and http://www.arkansas.gov/business
1. Register your business name.
Find out more about registering your business name here: Fictitious Name Application
If you need help selecting a name for your painting business: Choosing a Painting Business Name
2. Select a business structure for your painting business.
Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more here: Business Structures In Arkansas
3. Register your painting business.
You can get started registering your painting business with the state of Arkansas here: https://www.ark.org/sos/starting-a-business/index.php/home/question/1
4. Open a Business Checking Account.
You will need to open a separate bank account for your painting business with your new business name.
5. Find out about taxes, hire an accountant.
It may be beneficial to hire an accountant do the work. More information about taxes here: http://www.dfa.arkansas.gov/Pages/default.aspx and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business .
6. Get Liability Insurance.
Find out more about liability insurance here: Painting Business Liability Insurance
7. Register as a Contractor.
Find out if you need to register here: http://www.aclb.arkansas.gov/
8. 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.
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. City License.
You may be required to obtain a license to operate your painting business in a particular locale, whether you are a resident, or not.