How To Start A Painting Business In South Dakota

0
1593

How to Start a Painting Business In South Dakota

Here are some steps on how to become a legal painting business in the state of South Dakota.  You must do your own thorough research, as laws change regularly.
Getting started– The state of South Dakota has created a website to help you start your business:  Start Your Business in South Dakota

-Select a business structure 

Find out more about business structures (Sole-proprietor, LLC, Partnership, Corporation, etc.) and registering a business name here: https://www.sba.gov/starting-business/choose-your-business-structure

-Register your painting business name.

Find out more here:  https://sdsos.gov/business-services/fictitious-business-name-registration.aspx

If you need help selecting a name for your painting business:  Choosing a Painting Business Name

-Register your painting business.

Find out more about how register your new painting business with the state of South Dakota here: https://sdsos.gov/business-services/default.aspx

-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://dor.sd.gov/Taxes/Business_Taxes/ and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business

-Get Liability Insurance.

We work with Farmer Brown Insurance Agency because they’re the one-stop-shop for Painting Contractor Liability insurance and are able to get online quotes in all 50 states. Learn more >

Find out more about liability insurance here: Painting Business Liability Insurance

-Register as a Contractor.

Check with your local government to see if you need to register.

-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.

Local Painting Jobs: