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Starting a government contracting business can be daunting, but it can also be a great way to set yourself up for success. Government contracts provide an opportunity to make money by providing goods and services to the federal or state governments. With the right preparation and knowledge of th...
7 Steps to Starting a General Contracting Company Although there is a lot to know about general contracting, don’t feel intimidated if you have dreams of owning a contracting business. Take the process one step at a time, beginning with the seven steps listed below. 1. Start with Training ...
Construction contracting can be a lucrative profession. Indeedestimates that the average salary for a general contractor in the United States is more than $87,000 annually. And as your contracting business grows big enough to take on larger projects, that number could increase by a great ...
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6. Obtain a business license and permits The West Virginia State Tax Department is in charge of issuing permanent business registration licenses, also known as a business registration certificate. Certain industries are also subject to licensing in West Virginia—such as general contracting, elevator ...
1. Come Up With a Business Idea All businesses start with an idea. So if you’re thinking about starting a business? You’ll need to start with an idea. If you’ve been thinking about launching your own company, chances are, you already know what kind of business you’d like to star...
A number of online resources can point you in the right direction. The guide from the Small Business Administration (SBA) onhow to write a business planis a good place to start. Creating a business plan forces you to think through the foundations of your company: the services you will prov...
Alimited liability company (LLC)is a popular choice among small business owners for the liability protection, management flexibility, and tax advantages. Set your business up for success by understanding the benefits and limitations of an LLC, how to start an LLC, where to form your LLC, ...
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