How To Start A Painting Business In Iowa
Here is some helpful information on how to start a painting business in the state of Iowa.
-Register your painting business name.
Depending on the business structure you choose, you will need to contact your local county recorder, or the secretary of state.
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 for your painting business: Sole-proprietor, LLC, Partnership, Corporation, etc. – http://www.iasourcelink.com/regulatory/basics-of-business-entities
-Register your painting business.
Find out more here: Iowa Business License
-Open a Business Checking Account.
You will need to open a separate bank account for your painting business with your new business name.
-Find out about taxes, hire an accountant.
You may want to hire an accountant do the work. More information about taxes here: https://tax.iowa.gov/starting-business 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.
Find out if you need to register as a contractor in Iowa here: http://www.iowadivisionoflabor.gov/contractor-registration
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 be required to obtain a license to operate your painting business in a particular locale, whether you are a resident, or not.