How to Start a Painting Business In Rhode Island
When starting a painting business in the state of Rhode Island you will need to complete a few important steps in order to become a legal business. You must do your own thorough research, as laws change regularly.
Getting started- Rhode Island has a few links about how to start a business here: http://sos.ri.gov/divisions/Business-Portal/Start-Or-Qualify-A-Business and RI Business Quick Start Wizard
- Register your painting business name.
You can register your assumed name with your local government office. Find out more about choosing a name here: http://sos.ri.gov/divisions/Business-Portal/Start-Or-Qualify-A-Business/Name-Availability
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: http://sos.ri.gov/assets/downloads/documents/business-structure-chart.pdf
- Register your painting business.
You can register your new painting business with the state of Rhode Island here: https://www.ri.gov/taxation/BAR/
- Open a Business Checking Account.
You will need to open a separate bank account for your painting business with your new business name.
- Find out about taxes and hire an accountant.
You may want to have an accountant do the work. More info about taxes here: http://www.tax.state.ri.us/ 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.
You may need to register with the State of Rhode Island Contractors’ Registration and Licensing Board. Find out more here: http://www.crb.ri.gov/
- Worker’s Compensation.
The insurance agency that provided your liability insurance should be able to help with this.
- 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.