How to Launch Your Renovation Company in Quebec
Does entrepreneurship run through your veins? Are you looking to launch your renovation company in Quebec? RenoQuotes.com tells you all the steps you'll need to follow in order to launch your business!
When you want to launch your renovation company, you'll need to take few elements into account in order to carry out your project. Starting your new company will require a few bureaucratic formalities.
What needs to be done to start a home renovation company in Quebec?
Individuals working in the home renovation field in Quebec need to be aware that this business is strictly regulated. In order to operate legally, you will need to complete a few steps which will allow you to comply to the current legislation. At first, you will have to register your company with the “Registraire des entreprises du Québec” (REQ). Secondly, you will have to get your contractor license. This license is delivered by the “Régie du bâtiment du Québec” (RBQ) for every company working in the construction field.
Also, depending on what field you're in, you'll have to contact a few organisations to get registered. For example, if you're a plumber or if you install heaters, you'll have to contact the “Corporation des maîtres mécaniciens en tuyauterie du Québec” (CMMTQ). If your company is specialized in electricity, you will have to contact the “Corporation des maîtres électriciens du Québec” (CMEQ).
Thirdly, you will need to register your company to the “Commission de la construction du Québec” (CCQ). Whether employees are present in the company or not doesn’t change the fact that this registration is mandatory. However, for subcontracting jobs you won’t need to register your business.
Should you incorporate your renovation company? Is there any financial help?
Incorporating your company will create a legal entity that is separated from shareholders. There are many benefits that come with incorporating your company. For example, you will benefit from a number of tax deductions and your status could also help limit your liability towards your creditors. Your company can be registered either with the federal government or the provincial government.
You could incorporate your company without the help of a lawyer. But you should be careful because what happens often is that contractors do not fulfill some parts of the form, that is sometimes complex, and finds themselves with an incorporation that does not respect the law.
The process is fairly easy to understand but the forms are long and if you forget to fill out certain parts, Also, you should know that every year, the government of Quebec grants several million dollars to companies in Quebec. These financial supports, awarded by the provincial government, are given through loans and/or subvention.
If you’d like to know how you could find some financing; and with which program you are eligible to financial supports; visit the following link “Find financing”. If you want to know how to get clients, you should read the following article "What are the marketing strategies to get clients for your renovation business?"
Find clients for your home renovation company
RenoQuotes.com can help you solidy contracts. We get requests from clients looking for trusted home renovation professionals just like you. Fill out the form on our homepage (it only takes a few minutes), and you will receive information on how to get new clients for your renovation company through our service.