Well, you are tired of 8.00 am to 5.00 pm job. That is the first step to start your business. A painting company is a suitable investment as the industry is worth billions. Furthermore, it is a recession-proof industry; customers require regular repainting of their homesteads, business, fences, and newly constructed structures.
This guide will highlight the essentials for establishing your painting company:
Choose a unique name for your business. It will help your organization stand out from the crowd. Also, select a logo and business contacts; these details should appear on your marketing campaigns, flyers, and business cards. Customers use the details to reach you when they are vetting painters Pittsburgh, or want to hire you.
Register a Brand Name
File the paperwork of your company. Customers prefer using a registered painting company to an unlicensed organization since you have to satisfy numerous regulations before the local authorities allow you to start operating. For example, you have to complete a painters’ course or hire a licensed professional in your team. Furthermore, a registered brand is often more credible since the company will strive to satisfy clients’ requirements.
File LLC Paperwork
A limited liability company (LLC) means that the business and the owner are two independent entities. As such, if a client sues the company, you would be shielded from personal liability.
File for Insurance
A good painter’s insurance offers compensation for equipment damage and staff injuries in the line of duty. The insurance can also compensate damages on your clients’ property, such as paint spills on furniture and carpet.
File for Employer Identification Number (EIN)
The EIN is necessary for tax-compliant businesses; for filing tax returns.
Get a bank account where your clients will be depositing funds for assigned contracts. The account will also help you process taxes, salaries, and determine whether your enterprise is profitable.
Tools and Equipment
Purchase crucial painters’ accessories such as safety gear, brushes, electronic sprayers, ladders, and cranes, among other supplies. The tool selection will help you accomplish your projects hassle-free.