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.
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.