Most people who are interested in the idea of starting a painting business stay away from it because they think that it will be too expensive or that they don’t have adequate experience. We’re here to tell you that starting your own painting business is not just possible, it’s a great idea — and you don’t need a lot of money to get started. In fact, you don’t even need 1,000 dollars to be up and running. Here is what you need to get it off the ground.
Select a name for your business and register your painting business
Select a name that is unique and memorable that people can relate to. Once you’ve decided on a name, you can simply Google “business registration in _______(state name)”. The results should show your state secretary site where you can register your business.
Get a separate business email. If you already purchased a domain name, you can get a custom email at your domain name to look more professional.
Domain name and email
If you want to grow, having a website will make you look more professional. You don’t necessarily need a website right away, but you should at least get a domain name for your website before someone else registers it.
EIN & bank account
You’ll need an EIN (Employer ID) to open up a business bank account. A business bank account will help you track your business’s financial position.
Insurance, licenses, & permits
These will vary from state to state and sometimes even by county. So check with your local authorities to find out what you will need for your painting business in your area.
Bookkeeping & tax prep
You might not be in the position to pay a bookkeeper your first year but at least keep a log of all of your expenses and revenue. Tax prep is best left to the professionals, the money they save you will often more than pay for their fees.
For a more detailed list of costs including amounts, check out this article: Costs to Start a Painting Business
For goal setting and planning, check out this article: How Much Does a Painting Contractor Make a Year?