How to Start a Painting Business In New Jersey
Here are some steps to take in order to start a painting business in the state of New Jersey. You must do your own thorough research, as laws change regularly.
Here is a website that will help if you want to start a business in New Jersey: http://www.nj.gov/njbusiness/starting/
1. Register your painting business name.
Find out more about registering a fictitious name here: http://www.nj.gov/njbusiness/documents/check_list.pdf
If you need help selecting a name for your painting business: Choosing a Painting Business Name
2. Select your business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more here: http://www.nj.gov/njbusiness/starting/basics/
3. Register your painting business.
You can register your new painting business with the state of New Jersey here: http://www.state.nj.us/treasury/revenue/gettingregistered.shtml
4. 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 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.nj.gov/njbusiness/tax/ and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business .
6. Get Liability Insurance.
Find out more about liability insurance here: Painting Business Liability Insurance
7. Register as a Contractor with the State of New Jersey.
Find if you need to register as a painting contractor here: http://www.njconsumeraffairs.gov/hic/Pages/default.aspx
8. 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.
9. 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.
10. City License.
You may be required to obtain a license to do business in a particular locale, whether you are a resident, or not.