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.
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.
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.
You may be required to obtain a license to operate your painting business in a particular locale, whether you are a resident, or not.