ECN Forum Forums General Topics of the Trade General Discussion Area fees

Let's see;

Indianapolis Master's/Contractor license is $200 bi-annually

Surety bond is $200 bi-annually ($10K bond min)

Liability insurance, Worker's Comp, vehicle insurance, etc (in a pkg) runs $4200 a year

The Indpls license is officially good only in Indpls, but a lot of the smaller communities recognize it and most have a recip agreement if they require a license to work.

Permits in Indpls vary by some weird political recipe, but for small work and resi, they run $25 to $75. Inspections are part of the deal, except for accelerated or re-inspections. If it doesn't get inspected within 48 hrs after you call, go ahead and cover it up!

The county where my shop is asks for a $20K surety bond to be "listed" as a contractor. I told them at the county meetings about licensing that was a de-facto license without regulation, and I refused to "buy" one. I have the homeowner get the permit there.

here in south carolina the bi-annual fee is $350, lib. ins $450/yr, health ins. $2760/yr.(which covers work injuries for me only). each small town, which there are 8, charge from $80 to $160 for business licenses which increase if the job costs go over a certain amount. and the going rate/hr is about $35. however, by the time you bargin, the rate falls to about $20 to $25/hr. i figure by having no employees i can stay ahead of the game mainly because of the workmans comp cost.
p.s. forgot to mention the permit costs $15 to $200
ken m