📝Getting an LLC and an EIN are important first steps in starting a business.
💰Setting up a business checking account is crucial for managing your business funds.
🚚Finding a suitable truck is essential for starting a business as an independent contractor.
🏋️♂️Obtaining the right insurance coverage is necessary to fulfill the requirements of contractors and clients.
💼Searching for contracts on job platforms like Indeed can help land your first contract and start making money.
How much did it cost you to get an LLC?
—I paid $95 to get my LLC through the Indiana government website.
Is obtaining an EIN free?
—Yes, you can get an EIN for your business for free on the IRS website.
Do I need a business checking account?
—Having a separate business checking account is recommended for efficient money management.
How did you find your first contract?
—I found my first contract by searching on job platforms like Indeed for independent contractor opportunities.
What type of insurance do I need as a contractor?
—As a contractor, you will need liability insurance and cargo insurance to fulfill the requirements of contractors and clients.
00:00Introduction to the video and the topic of starting a business.
02:30Step 1: Getting an LLC and an EIN.
04:45Step 2: Setting up a business checking account.
06:55Step 3: Finding a suitable truck for your business.
08:20Step 4: Obtaining the right insurance coverage.
10:12Step 5: Searching for contracts and making money as an independent contractor.
12:38Conclusion and final thoughts on starting a business and landing contracts.
