How to Start a Painting Business In Maine
To start your painting company in Maine, you will have to complete a few different steps.
Getting started– A few websites created by the state of Maine on how to start a business can be found here:
- Register your painting business name.
Contact your local government agency about registering your name.
If you need help selecting a name for your painting business: Choosing a Painting Business Name
- Select a business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more here: https://extension.umaine.edu/publications/3009e/
- Register your painting business with the state of Maine.
You can find out more about obtaining a business license here: http://www.maine.gov/portal/business/licensing.html
- Open a business account at your bank.
You will need to open a separate bank account for your painting business with your new business name.
If you are a small company, it is not too difficult to file your own taxes. As you grow, it will be easier to have an accountant do the work. More info registering for taxes here: http://www.maine.gov/portal/business/taxes.html 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.
At this time, painters are not regulated by the state of Maine.
- Get worker’s compensation if you have employees.
The insurance agency that provided your liability insurance should be able to help with this.
- Get your own 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.