NJ · Starting a shop
New Jersey: from journeyman to shop owner
The path from running a truck to running a business. State-specific topics cover New Jersey contractor licensing, insurance minimums, bonding requirements, and entity formation. General topics cover practices that apply anywhere.
Topics
Contractor licensing
State-specificState contractor license requirements, bond, and insurance minimums.
Insurance
State-specificGeneral liability, workers comp, and commercial auto for a new shop.
Bonding
State-specificSurety bond requirements and ranges for contractor license classes.
LLC vs S-Corp
State-specificEntity formation, tax treatment, and when to switch.
Bookkeeping
Job costing, separate accounts, receipts, and monthly closes.
Estimating
Unit pricing, labor burden, material markup, and contingency.
Bidding
Reading a bid package, writing proposals, and walking a job.