Start a roofing company from scratch by following these nine steps: you’ve found your perfect company concept, and you’re ready to take the next big step. There’s more to beginning a new business than simply signing up with your local state. Learn about your legal obligations and the steps you must take to ensure your company runs smoothly from day one.
Do your research. It might seem easy enough to simply choose a roofing company based on their name, but doing so without first doing your homework could cost you money. If you’re considering opening a roofing business, the last thing you want is to have to spend money because you did not do your homework. Spend time studying the competition, asking for recommendations from friends and acquaintances, and doing some diligent research online.
Make sure you have the right professional gear. Professional roofing company owners are required by law to have the proper tools and training for their jobs. Most states require workers’ compensation insurance to cover accidents on the job, so you’ll want to make sure your workers have the coverage they need. The types of gear you need may vary depending on where you live, but most business owners will agree that high-quality gloves and safety shoes are absolutely essential to the work.
Get your business permits. You will need to secure a general contractor’s permit, as well as business permits for any parts or components that will be installed. Make sure that you secure these before you begin work, and that you keep up with them as you change the plans. If you move suddenly, you could have to move all of your belongings and risk being fined or even locked in a courtroom. A comprehensive business plan can help you stay on track with all of your construction requirements.
Use a legal entity or sole proprietorship. If you’re going through the traditional route with a roofing contracting company, you might be best suited with a sole proprietorship or corporation. This allows you to separate your business from your personal assets, while still retaining control over the quality of your work. This also protects you against lawsuits if something goes wrong, because you will be solely responsible for it.
Obtain your building permits. Once you’ve secured your permits for your contractor employees, it’s time to consider having some for yourself as well. Some states require that you have a business license before you can offer services, while others may be more lenient (if not mandatory) when it comes to issuing business permits. Check with your city and county for specific regulations regarding roofing permits and licenses. Obtaining these permits can be done online or by visiting your local government buildings. While these upfront costs may seem intimidating at first, you’ll be surprised at just how affordable they really are when you compare them to the cost of future repairs.