How to Start a Painting Business In Minnesota
Here is some information on how to register and start a new painting business in Minnesota.
Getting started– The state of Minnesota has resources to help you get your business started: https://mn.gov/deed/business/starting-business/ and http://www.sos.state.mn.us/business-liens/start-a-business/how-to-start-a-business-in-minnesota/
One of the first things you will need to do is register your painting business name.
Find out more about registering a fictitious name or DBA (“Doing Business As”) here: http://www.sos.state.mn.us/business-liens/start-a-business/naming-your-business/
If you need help selecting a name for your painting business: Choosing a Painting Business Name
Before registering your painting business, you will need to select your business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more here: http://www.sos.state.mn.us/business-liens/start-a-business/types-of-minnesota-businesses/
You will need to register your painting business with the state of Minnesota.
You can register your new painting business with the state of Minnesota here: http://www.sos.state.mn.us/business-liens/start-a-business/how-to-register-your-business/
You will need to 0pen a business account at your bank.
You will need to open a separate bank account for your painting business with your new business name.
You will need to register your painting business for tax purposes and may want to hire an accountant.
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 about taxes here:
You will need to get some form of liability insurance.
Find out more about liability insurance here: Painting Business Liability Insurance
You may need to register as a contractor with the state of Minnesota.
Find out more here: Minnesota Contractor Registration
You may need worker’s compensation if you have employees.
The insurance agency that provided your liability insurance should be able to help with this.
You will be responsible for 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.