bimmerpost/
BMW M2 and 2-Series Coupe
BMW Garage BMW Meets Register Today's Posts
home
BIMMERPOST Universal Forums Off-Topic Discussions Board

Post Reply
 
Thread Tools Search this Thread
      05-10-2011, 11:12 AM   #1
jpsum
Major
jpsum's Avatar
United_States
286
Rep
1,088
Posts

Drives: 2010 TSX
Join Date: Dec 2008
Location: New Haven area

iTrader: (4)

Starting a new business. Questions

I'm starting a new business this year and not sure what kind of license I need from the state, if any.

I'm starting a design/build company. I have a partner company in south america whose company will provide the design, engineering and product. Installation will be subcontracted out to a licensed installer in the states. Any project that requires a PE stamped drawing will be done by a PE for hire. My company will be bonded and insured.

I've looked into licenses in the state of CT and I believe I'm just a retailer offering goods and services. Therefore, I don't think I need a trade license.

Can any business owners here charm in? What other advice would you give a first time business owner?

I've been a project manager in the aviation/construction industry for 9 years. Time to work for myself.
Appreciate 0
      05-10-2011, 11:21 AM   #2
NYCGP
WTF are you looking at?
NYCGP's Avatar
255
Rep
1,560
Posts

Drives: Bandwagon
Join Date: Jan 2011
Location: Jungle

iTrader: (0)

Best of luck to you JP. Very rewarding working for yourself.
__________________
"It is better to be hated for what you are than loved for what you are not."
-André Gide
Appreciate 0
      06-15-2011, 09:31 AM   #3
BTM
Banned
United_States
498
Rep
10,309
Posts

Drives: A///MERICAN!!!
Join Date: Mar 2010
Location: A///MERICA!!!

iTrader: (11)

Garage List
Quote:
Originally Posted by jpsum View Post
I'm starting a new business this year and not sure what kind of license I need from the state, if any.

I'm starting a design/build company. I have a partner company in south america whose company will provide the design, engineering and product. Installation will be subcontracted out to a licensed installer in the states. Any project that requires a PE stamped drawing will be done by a PE for hire. My company will be bonded and insured.

I've looked into licenses in the state of CT and I believe I'm just a retailer offering goods and services. Therefore, I don't think I need a trade license.

Can any business owners here charm in? What other advice would you give a first time business owner?

I've been a project manager in the aviation/construction industry for 9 years. Time to work for myself.
Congratulations and good luck. As for as regulations in CT, contacting a lawyer would be your best bet. As you are simply providing the equipment, I don't believe you would need a trade license, but again, a lawyer will no best. Are you selling the equipment to the final customer, and letting the final customer shop for bids, or are you bidding to the customer, providing the equipment to the sub, and paying them for the installation?

While I'm not sure what type of product you are repping for the US, as I am somewhat involved in a similar arrangement (we are the official US sub/tech for an Italian firm's process-production equipment). First, you mention the design and engineering is going to be done offsite - again, while this highly depends on what exactly the product is, at the bare minimum communication channels with South America must be rigid and accessible. Their time zone is not as different from ours as Italy, but I can't stress enough how important it is to be able to reach someone. Simple, unforeseeable things, can become priority very quickly, being able to reach someone who can give you direction becomes invaluable in these situations.

As I'm assuming this is specialized and relatively rare or new to the US marketplace, might I suggest developing a partnership with a sub for installation. You're free to do what you want, but you get what you pay for shopping for the lowest bid. Having a personal relationship with a competent company, having them primarily handle any relevant installation, troubleshooting, union jurisdiction (should they apply issues) in installation after installation will produce a pretty steep learning curve, and as you both learn the general idea of how subsequent installations go, cost of delivering the final product will drop.

I could go on and on, but those are some of the 2 major things that jump out at me, at least from what I've been dealing with for the last 2 years. If they don't apply to you, good luck regardless, if they do, feel free to ask me anything you think I might help with.
Appreciate 0
      06-15-2011, 11:39 AM   #4
CollinsE90
Where my bitches
CollinsE90's Avatar
United_States
784
Rep
1,924
Posts

Drives: Cadillac coupe deville
Join Date: Mar 2009
Location: street corner checking profits

iTrader: (0)

Quote:
Originally Posted by BTM View Post
I could go on and on, but those are some of the 2 major things that jump out at me
no really, he can
__________________
Appreciate 0
      06-15-2011, 11:52 AM   #5
KGB7
Crazy Russian Bastard
KGB7's Avatar
United_States
30
Rep
819
Posts

Drives: 01 740i sport
Join Date: Apr 2011
Location: Siberian Prison

iTrader: (0)

You can talk to a lawyer if you wish to, but you dont have to. When you visit your local Business Licensing office to register your company, they will explain everything to you and give you the needed paper work to fill out.

It will take you about an hour at most.
__________________
B
M
W
Appreciate 0
      06-15-2011, 11:54 AM   #6
E90SoFlo
Banned
217
Rep
2,669
Posts

Drives: E90 335i
Join Date: Jun 2011
Location: Naples, FL

iTrader: (9)

I would still suggest calling your lawyer. Its not hard and make sure you get everything right.

Best of luck! Make sure you have a good amount of $ for the first year.
Appreciate 0
      06-15-2011, 01:08 PM   #7
dth656
First Lieutenant
37
Rep
399
Posts

Drives: e90 330i
Join Date: Dec 2006
Location: ASCII

iTrader: (0)

depending on the type of design, engineering work, and municipality, you may need a Professional Engineer (PE) stamp on all drawings. as long as a registered PE reviews the drawings and specifications done offshore, it may satisfy the local permitting requirements.

some friends and i looked at a similar model a few years ago--the most difficult aspect was getting professional liability insurance; the ins company wanted detailed resumes and work histories for all the engineers (this pretty much precluded doing too much offshore).
__________________
go bears
Appreciate 0
      06-15-2011, 01:13 PM   #8
dth656
First Lieutenant
37
Rep
399
Posts

Drives: e90 330i
Join Date: Dec 2006
Location: ASCII

iTrader: (0)

Quote:
Originally Posted by dth656 View Post
depending on the type of design, engineering work, and municipality, you may need a Professional Engineer (PE) stamp on all drawings. as long as a registered PE reviews the drawings and specifications done offshore, it may satisfy the local permitting requirements.

some friends and i looked at a similar model a few years ago--the most difficult aspect was getting professional liability insurance; the ins company wanted detailed resumes and work histories for all the engineers (this pretty much precluded doing too much offshore).
my bad, i just read the OP closer and realized you will be using a PE. i would just add a few details to consider: the municipality u'll be working with (some are more anal then others in my experience), typical design complexity , and how closely the PE you hire will be reviewing it...
__________________
go bears
Appreciate 0
Post Reply

Bookmarks

Tags
nycgp in for percentage


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 05:52 AM.




g87
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST