How to Start a Painting Business In Mississippi
Here are some things to consider when trying to start a painting business in the state of Mississippi.
Mississippi has a website to help you get started with your business: http://www.sos.ms.gov/BusinessServices/Pages/default.aspx
- Register your painting business name.
You may need to register a fictitious name for your business.
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. https://www.sos.ms.gov/BusinessServices/Documents/Business%20Entities%20(Clean).pdf
- Register your painting business.
You may be required to register your new painting business with your state.
- Open a Business Checking Account.
You will need to open a separate bank account for your business with your new business name.
You may want to file your own taxes if you are a small company. As you grow, it will be easier to have an accountant do the work. More information about taxes here: http://www.dor.ms.gov/Business/Pages/default.aspx 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
- You May Need to Register as a Contractor.
You need to find out if your state or city requires you to register as an insured contractor.
- 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.
- 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.
- 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.