How To Start A Painting Business In Idaho
Here is some helpful information on how to start a new painting company in the state of Idaho.
Getting Started- The state of Idaho has a website for helping you get started with your new painting business:
-Register your painting business name.
Find out more about business name registration here: https://idahobizhelp.idaho.gov/BusinessEssentials/AssumedBusinessName.aspx
If you need help selecting a name for your painting business: Choosing a Painting Business Name
-Select a business structure.
Determine what business structure you wish to have: Sole-proprietor, LLC, Partnership, Corporation, etc. – Choose a Business Entity Type
-Register your painting business.
Find out more here: https://labor.idaho.gov/ibrs/ibr.aspx
-Open a Business Checking Account.
You will need to open a separate bank account for your painting business with your new business name.
You may want to hire an accountant do the work. More information about taxes here: https://tax.idaho.gov/i-1132.cfm and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business .
-Get Liability Insurance.
Find out more about liability insurance here: Painting Business Liability Insurance
-Register as a Contractor.
Depending on what type of work you will be doing, you may need a contractor license in Idaho. Find out more here: https://dbs.idaho.gov/contractors/
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.
-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 need to obtain a license operate your painting business in a particular locale, whether you are a resident, or not.