How to Start a Painting Business In Vermont
Here’s some information on how to start your new painting business in the state of Vermont.
Getting started– The state of Vermont has a website about starting a business in Vermont here: https://www.sec.state.vt.us/corporationsbusiness-services/business-registration-services/start-or-register-a-business.aspx
1. Register your painting business name.
Find out more about your business name at Step #5 here: https://www.sec.state.vt.us/corporationsbusiness-services/other-resources/business-start-up-guide.aspx
If you need help selecting a name for your painting business: Choosing a Painting Business Name
2. Choose a business structure.
Decide what structure you want for your painting business– Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more at Step # 4 here: https://www.sec.state.vt.us/corporationsbusiness-services/other-resources/business-start-up-guide.aspx
3. Register your painting business with Vermont.
Find out more about registering your new painting business with the state of Vermont here: https://www.sec.state.vt.us/corporationsbusiness-services/business-registration-services/start-or-register-a-business.aspx
4. Open a Business Account with your Bank.
You will need to open a separate checking account for your painting business with your new business name.
5. Find out about taxes and hire an accountant.
You may want to have an accountant do the work. More info about taxes here: http://tax.vermont.gov/business-and-corp/register-renew-close-business 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
6. Register as a Contractor.
Contact your local government to see if you need to register.
8. Worker’s Compensation.
Check with your insurance agency about worker’s compensation. 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. See if you need 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.