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. Get a Free Quote Now >
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.