What Documents Do I Need To Start A Plumbing Business?
Interested in starting a plumbing business? Not sure where to begin? Read on to learn what documents you need to start a plumbing business.
Avoid the Plumbers Crack
Are you trying to start a plumbing business? Ready to become your own boss? Starting a plumbing business can be lucrative. Plumbing services are one of the most in-demand trades in Australia. However, like starting any business, it can be daunting, particularly when it comes to the paperwork. From a legal perspective, it is essential to consider what documents you need to comply with legislation. This article examines the types of documents required to start a plumbing business.
Familiarise Yourself With Industry Regulation
Before you even begin considering starting a plumbing business, consider the types of licenses required. Search for your state registration body to see which specific licenses as are necessary for each state, Eg. Fair Trade NSW. In NSW, you can apply for a contractor licence, qualified supervisor certificate, and endorsed contractor license. Plumbers can also apply for a Tradesperson Certificate, but it requires someone with a contractors license to sign off on your work. A contractor license is the highest grade of permit and will most likely be the most appropriate license type. You may also wish to consider the regulation for each state and territory. In NSW, plumbing is regulated by the Code of Practice Plumbing and Drainage. Therefore, always find out which rules apply to your new business.
Submitting inspection documents for your plumbing business
Furthermore, depending on the job that you are completing, you may need to submit the following documents via the my inspection portal:
- Notice of Work (NoW)
- Certificate of Compliance (CoC)
- Completed Sewer Service Diagram (SSD)
- Required Council documents
However, other documents may be required depending on the councils that you are operating in. Therefore, always consider which documents you need to submit when starting a plumbing business.
Register your plumbing Business
Furthermore, all Australian businesses require registration. This is your main port of call when starting a plumbing business. There are generally three kinds of business structures that can be registered. These include a sole trader, partnership, or company. Choosing the right business structure may be one of the most important decisions that you can make. The types of registration can affect your tax assessment, your personal income liability if your company becomes insolvent.
All plumbing businesses will require safety documents and policies to ensure that they protect themselves from liability. If completing dangerous work in NSW, plumbers will be required to complete a SWMS document detailing the safety risks in their work. Plumbing companies should also consider creating a Work Health and Safety policy for its employees.. An essential aspect of protecting yourself is ensuring the company has general liability insurance. The types of insurance can include indemnity insurance, contract works insurance, and public liability insurance.
Administration and House Keeping
By now, you have completed the necessary steps required to start a plumbing business. There are specific steps you can take to continue growing your business. Running a business requires you to have practical skills in your field; it also requires management, organisational, and communication skills. If you choose to expand your business, you may need to grow your staff. For example, if intending to hire staff, employment and sub-contractor agreements will be required. Always consider seeking small business legal advice if you need any assistance in growing your business. Consider also creating a plumbers service agreement. A small business lawyer can provide you with the necessary information to help you grow your business.
Build Your Dream business
While it may be scary starting a business, it can be one of the most rewarding challenges you can undertake in your life. Always consider your legal requirements when starting a business. Never be afraid to ask for help when starting out. Best of luck starting your plumbing business empire.
Josh is a Legal intern at Lawpath. He is a Commerce/Law student at Macquarie University. He has an interest in cyberlaw and blockchain technology.