File the necessary business documents. For starters, you’ll need a general business license to begin taking on contract work. You may also have to have other specific licenses that permit you to operate in off-limits zones or handle certain materials. A separate home business permit will be required if you plan on using your own residence as the headquarters for your contracting business.
Flying Colors is wonderful! Steven Totilo is incredibly responsive and professional. He provided a detailed contract upon assessment of my home and was very communicative throughout. The team of painters he employs are kind and incredibly skilled! They did everything from power washing, priming, painting the entire house, trim, doors, and gutters, and light carpentry work to replace damaged cedar and trim in just a few days! They worked diligently throughout the heat and were very kind and communicative. The painters did a beautiful job! I appreciated the carpentry work which saved me from sourcing a contractor/carpenter myself. We used Flying Colors about a year ago as well to paint our kitchen and the gentleman on the job was the very same that came to paint my house - and he remembered me! They did a wonderful job then, which is why I reached out to Steven for a much bigger project. The price point is very reasonable for a young person like myself to afford, one of the more reasonable I encountered in searching for a painter in the Stamford area. All in all, a job very well done. If I ever need painting done in future, Flying Colors will be the first people I reach out to. Thank you so much for your work!
Take and pass your contractor’s certification exam. Like the licensing requirements, the content and format of the exam will vary depending on your location. However, the test will almost always include a comprehensive written section, on top of which you may be asked to describe or demonstrate key skills. Upon passing your exam, you’ll have between 1 and 4 years to complete the process of formally registering your business.
Purchase surety bonds. Surety bonds essentially act as a kind of agreement between the contractor and the person hiring them that the job will be performed to standard. You can obtain these through your current insurer as a separate form of financial protection. As a contractor, many states require you to be bonded before you can begin working legally.
Acquire liability insurance. In the event of accident, injury or property damage, liability insurance will protect you from having your assets seized. Look into a few different providers to compare rates and see what sort of coverage they offer. Good insurance is absolutely critical for small business owners, who stand to lose a lot more should something go wrong.
I have a few properties and I always call Kamco for any work I need for the roofs or any leaks and odds and ends that the properties may need. They are very responsive! They are prompt and reasonable with their price. They are a very busy company but always make time even if you must wait a few days it’s worth it because they are great at what they do. I have been using them for over 7 years and am very happy! Thank you Kamco Family!