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Welding Biz

General welding questions that dont fit in TIG, MIG, Stick, or Certification etc.

Welding Biz

Postby GatorNation1 » Tue Nov 03, 2015 6:35 pm

Howdy. Currently work as a welder for a mechanical company in central Florida while going to school for engineering. Thinking about starting a llc type small company doing welding repair to make some side cash. Just wondering if anyone has ever done this and what all is required/recommended to start up. Thanks in advance.
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Re: Welding Biz

Postby soutthpaw » Tue Nov 03, 2015 6:38 pm

Price out the cost of business liability insurance before you do anything else
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Re: Welding Biz

Postby GatorNation1 » Tue Nov 03, 2015 6:47 pm

Do you know if there is a minimum amount required?
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Re: Welding Biz

Postby Otto Nobedder » Tue Nov 03, 2015 8:42 pm

I suppose it depends on the work you want to do.

To do work for homeowners, building gates, fences, and other FIXED items, you might be good on as little as $250K coverage, which is not that expensive.

If you want to do trailer hitches, trailers, trailer repairs, or anything else highway mobile, you'd be better off at the $1M mark.

If you want to contract to major construction/shutdown/pipeline projects, you're looking at $5M.

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Re: Welding Biz

Postby weldin mike 27 » Tue Nov 03, 2015 9:05 pm

Holy crap, in Australia alot of places need 10m +

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Re: Welding Biz

Postby Poland308 » Tue Nov 03, 2015 10:35 pm

Think Iowa has a 10 mill minimum too. State Law I swear it is.
I have more questions than answers

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Re: Welding Biz

Postby Coldman » Tue Nov 03, 2015 10:42 pm

I gotta have 10 mil for most sites I work on.
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Re: Welding Biz

Postby MosquitoMoto » Tue Nov 03, 2015 10:48 pm

Poland308 wrote:Think Iowa has a 10 mill minimum too. State Law I swear it is.



For just a moment there, you sounded like Yoda.



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Re: Welding Biz

Postby GatorNation1 » Tue Nov 03, 2015 11:01 pm

well my name got around from working on my uncles bobcat trailer a lot and his friends etc enough to where I could fill up weekends with small work for the better part of the year, but I wanna do it legally for any repercussions sake. Thanks for the input y'all!
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Re: Welding Biz

Postby Poland308 » Tue Nov 03, 2015 11:09 pm

MosquitoMoto wrote:
Poland308 wrote:Think Iowa has a 10 mill minimum too. State Law I swear it is.



For just a moment there, you sounded like Yoda.



Kym

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