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Posts tagged Basics.

I am often asked, “What are the basic steps of starting a construction company?” We help with many of these steps, but we also advise clients how to do it on their own. Here are some of the basic steps.

1. Create Your Entity

 Given the threat of personal injuries and property damages, construction contractors and subcontractors really should create an entity to do their work as opposed to acting as a sole proprietor. The Virginia State Corporation Commission website has a wealth of information, including links to entity formation, forms for both corporate and limited liability company (LLC) filings, and instructions for filing. For a modest fee, you can create your entity with the SCC.