For enterprising contractors keen to launch their businesses, there’s a lot to plan for and consider. Get an overview of everything you need to know to plant your stake in the ground firmly.
When choosing the one that best suits your startup contracting business, consider various factors such as taxation, legal implications and liability protection. There are pros and cons to each option. You’ll need to search to ensure the business name you want isn’t already in use. Your company name can’t be the same as or too similar to an existing business name or trademark. There are two national business name databases you can search:is a federal business name and trademark search tool. It provides a list of names and trademarks similar to your chosen one.provide information on companies listed in the official registries of Corporations Canada and Alberta, B.C.
Construction and skilled trades businesses are highly regulated. From certifications for specialized trades, homebuilders and electrical safety to complying with technical safety standards and acquiring federal, provincial or municipal permits if you work with hazardous materials or if your work affects the environment, operating without licences and permitsSeparate your personal finances from your business by opening a business bank account.
Complying with laws and regulations also means collecting and remitting taxes, such as the harmonized sales tax . Visit theYou need to get the word out about your business to attract customers. That means marketing and promoting your general contracting business and services. Other tactics worth exploring include email marketing to attract new customers and nurture existing relationships, and if you have the budget, investing in traditional advertising methods like direct mail, billboards and placing ads in community newspapers.