How to start your plumbing company in Florida

contractor application services The first step to start your plumbing business is to earn your Florida contractors license by passing the exam and proving your experience and financial responsibility through documentation. This is a very thorough process and, if not done correctly, can take a long time to complete. We strongly advise the use of a Florida contractor application services to help expedite your licensing process and guide you through to the next step.

The next step required to start your plumbing business in Florida is to decide what type of business structure best suites your future goals and vision for your company. There are two main options for business structures for Florida contractors: LLC or Corporation. Our Florida contractor corporate/LLC setup services help you determine the best course of action for your business in relation to the future goals that you want your business to achieve. The structure of your business should reflect your plans for growth and development. Some smaller contractor companies benefit from establishing an LLC, while some larger companies should have a corporation for tax benefits. Our contractor corporate setup consultants will help you decide which option is best for your business needs.

According to INC.com , both a corporation and a LLC for contractors have tax benefits:

Another common aspect of LLCs and S corps is that they help you avoid paying both personal and corporate taxes. The difference is that in an S corp, owners pay themselves salaries plus receive dividends from any additional profits the corporation may earn, while an LLC is a “pass-through entity,” which means that all the income and expenses from the business get reported on the LLC operator’s personal income tax return, says Ebong Eka, a CPA who also pens his own blog about the world of entrepreneurship at MoneyMentoringMinutes.com.

At Contractors Reporting Services , we offer Florida contractor corporate/LLC setup services for your Florida contractor application services to help you build your successful contractor business. Call us today to schedule a consultation.

Contractors Reporting Services
13795 N Nebraska Ave
Tampa, FL 33613
1.800.487.2084

By Julia Bradley 27 Jul, 2023
The demand for licensed electricians is high in Florida and expected to continue growing as new construction and infrastructure projects are undertaken. If you are considering a career as a licensed electrician, you can expect to earn a competitive salary, and have steady employment and job security. Skilled electricians are needed in various industries, including residential, commercial, and industrial sectors. Electricians also have the flexibility to work independently, for an established company or start their own businesses which can give you more control over your work schedule, projects, and income potential. Although physical demands and challenging environments, such as cramped spaces, heights, or extreme weather conditions exist, those who enjoy hands-on work, problem-solving, and working with electrical systems will find this profession rewarding, and you can continually expand your knowledge and expertise through ongoing training and certifications. To be a licensed electrician in Florida, you must obtain a Certified Electrical Contractor license through the Florida Department of Business and Professional Regulation (DBPR). This license requires that you pass the electrical licensing exam, provide proof of work experience, demonstrate financial responsibility, and pass a criminal background check. Interested in obtaining your electrician’s license? This guide will explain the process and answer some common questions about the documents and requirements that will need to be provided to the DBPR. 
By Ryan Bradley 25 Apr, 2023
6 Ways to Grow Your Construction Business
By Ryan Bradley 01 Mar, 2023
Get Organized in 2023: Three Construction Management Software Programs to Try
Real estate trends shows graphic of miniature house model on top of a blueprint
By crs-admin 15 Nov, 2022
Realtor.com has recently published its housing market predictions for 2020. In the forecast, analysts looked at four areas: supply, demand, home sales, and the move to affordability. 1) Supply Low affordability and higher interest rates caused growth in the housing inventory, while higher housing prices and higher interest rates raised barriers to entry. Houses satContinue reading
Approved stamp for a contractor applying for a state license
By Sandra Brown 17 Apr, 2022
Six steps Contractors Reporting Services can assist you in becoming a Florida contractor. #1 The Application. #2 Work Experience and State Examination: you must pass the Florida contractor license and provide educational and/or vocational experience. #3 Proof of financial stability and a high FICO score. #4 Fingerprinting and criminal background check. #5 Proof of Insurance. #6 Application fees. These steps can be difficult on your own. Call Contractors Reporting Services for more information.
IT management and cyber security for contractors
By crs-admin 10 Mar, 2020
IT management and cybersecurity are critically important for the general contractor. Project management for the general contractor encompasses schedules, materials, services, permits, and, most importantly, people. When a cyber-attack steals client, subcontractor, and vendor account information, it hurts people.
CRM tools for contractors
By crs-admin 10 Mar, 2020
One of the most important keys to success as a general contractor is leveraging technology to multiply efforts, increase efficiencies, and improve communication. The right tools can facilitate general contractor licensing, filing annual reports, keeping the workers’ compensation exemption renewed, following lien law, pulling permits, and filing a notice of commencement. The general contractor mustContinue reading
A mechanics lien provides for general contractors to collect payment
By crs-admin 24 Feb, 2020
Florida law offers strong lien rights for general contractors and suppliers. Providing that correct paperwork is in place if a contractor isn’t paid for a job, they are able to file a lien to receive payment as well as protecting themselves. In cases of non-payment, there are requirements that need to be fulfilled
Florida contractors need the right license to perform work
By crs-admin 15 Feb, 2020
If you’re interested in becoming a general contractor in Florida, you need to be licensed to perform construction work legally. There are two primary licenses to choose from which will allow you to perform general contracting work either throughout the whole state of Florida, or only in a specific local jurisdiction.
Enlisting the services of subcontractors on a large scale project
By crs-admin 01 Feb, 2020
As a general contractor in Florida, you may be overseeing a larger-scale construction project, a renovation or even a residential remodel, but it’s possible that there are tasks that you do not have the expertise or necessary skills to complete. If this is the case, your first thought should be to enlist the services ofContinue reading
More Posts
Share by: