Starting a new business requires making sure that you follow all the appropriate Texas laws. Becoming a contractor and starting your own company comes with a few more steps than starting a retail business does, but in the end, it is worth it. You have to be sure you start a business off on the right foot by ensuring you follow all the steps to becoming a licensed contractor.
Lance Surety Bond Associates, Inc. explains the most important aspect is securing your contractor’s license. You cannot legally operate your business without it, but do note not every type of contractor must have a license. If you a builder, you do not need one. However, if you are a landscape designer, plumber, architect or part of another specialization, then you probably do have to have one. Make sure you check the law first before doing anything else.
You will then need to file your application. It will require you to prove your training and work experience background. You will also need to have customer references and professional references. In most cases, the Texas Department of Licensing and Regulation will issue the license.
Whether you must get a license or not, you do have to have liability insurance. This is a requirement for all types of contractors. You must keep your insurance valid and up to date at all times. If you have employees, you may also need workers’ compensation insurance as well. If must get a license, you will also need a bond. This information is for education and is not legal advice.