A Step-by-Step Guide to Launching a Roofing Company in Oklahoma

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Oklahoma Roofing Company

In the ever-growing Oklahoma Construction Company, the demand for reliable and professional roofing services is constantly rising. Launching a roofing company can be a lucrative and rewarding business venture for aspiring entrepreneurs or those who want to start an LLC. However, starting a successful roofing business requires careful planning, dedication, and a thorough understanding of the industry. This comprehensive guide will outline the key steps and considerations to help you Launch a Roofing Company in Oklahoma.

Webinarcare Editorial Team will help you gain knowledge through thorough research and market study. Before launching your Oklahoma roofing company, all the steps in this article must guide you.

How to Launch a Roofing Company in Oklahoma

What is a Roofing Company?

A roofing company is a business that specializes in providing roofing services, such as installation, repair, and maintenance of roofs, within Oklahoma. These companies typically have a team of trained and experienced professionals who work on various types of roofing projects for residential, commercial, and industrial clients. They are usually licensed and insured to operate within Oklahoma, ensuring they comply with local building codes and safety regulations.

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How to Launch a Roofing Company in Oklahoma

Launching a roofing company requires careful planning, adherence to local regulations, and a strong commitment to providing quality services. Here are some steps to help you start your own roofing company:

Step 1: Research The Market

Before diving into the roofing business in Oklahoma, it is essential to conduct thorough market research. You must be familiar with your local market demands and the services potential clients seek. Analyze the competition, identify your target audience, and determine the scope of your services. Understanding the regulatory requirements and licensing procedures in Oklahoma is also crucial.

Step 2: Develop a Business Plan

A well-crafted business plan is the foundation of any successful business. It will serve as a roadmap for your Oklahoma roofing company and help you make informed decisions as you progress. Your business plan should include the following elements:

  • Executive Summary: A brief overview of your company, including your mission statement, objectives, and company structure.
  • Market Analysis: A detailed analysis of the local market, competition, target audience, and growth opportunities.
  • Services: A description of the types of roofing services you will offer, such as residential or commercial roofing, roof repairs, or roof replacements.
  • Marketing and Sales Strategy: Your strategy for promoting your business, acquiring clients, and generating revenue.
  • Financial Projections: An estimate of your startup costs, projected revenue, and profit margins.
  • Management and Organization: An outline of your company’s management structure, including key personnel and their roles and responsibilities.

Step 3: Choose a Suitable Business Structure

Oklahoma has a lot to offer, so choosing a suitable business structure for your Oklahoma roofing company is an important decision, as it will impact your taxes, personal liability, and overall operations. Here are some common business structures you may consider:

Sole Proprietorship

This is the simplest and most common business structure for small businesses. As a sole proprietor, you have complete control over your Oklahoma business, but you are also personally responsible for all debts and obligations of the company. This structure is easier to set up and has fewer tax and reporting requirements.

Partnership

A partnership is a business owned by two or more people who share the profits, losses, and responsibilities. Partnerships can be general partnerships, where all partners have equal responsibility and liability, or limited partnerships, where some partners have limited liability. This structure is relatively easy to establish and allows for shared decision-making and resources.

Limited Liability Company (LLC)

An LLC is a hybrid business structure that combines the limited liability protection of a corporation with the tax benefits and simplicity of a partnership or sole proprietorship. This structure is popular among small business owners because it helps protect personal assets while providing flexibility in management and taxation.

Corporation

A corporation is a separate legal entity owned by shareholders. This business structure provides owners with the most liability protection and involves more complex reporting and taxation requirements. There are different types of corporations, such as C-Corporations, Close Corporations, and Oklahoma S-Corporations, each with advantages and disadvantages.

To choose the best business structure for your roofing company in Oklahoma, consider liability protection, taxation, administrative complexity, and potential growth factors. It’s a good idea to consult with a Business Attorney in Oklahoma to help you make an informed decision based on your specific circumstances and state regulations.

Step 4: Register Your Business

You must register your business with the Oklahoma Secretary of State to legally operate your roofing company in Oklahoma. This process typically involves:

Choose a Business Name

In Oklahoma, choosing a name for your roofing company is important in establishing your brand identity and setting your business apart from competitors. There is a complete guide on Oklahoma Business Name Search for you to have a proper Oklahoma roofing company name. However, here are some tips for choosing a name:

  • Please keep it simple and easy to remember.
  • Make sure it reflects the services you offer and the region you serve.
  • Consider incorporating your state or city name to emphasize your local focus.
  • Research to ensure the name is not already in use by another company.
  • Check for the availability of the domain name for your website.

Based on these tips, here are some example names for a roofing company:

  1. Oklahoma Pro Roofers 
  2. Oklahoma Roofing Solutions 
  3. Oklahoma Elite Roofing Services 
  4. Oklahoma Roof Masters 
  5. Oklahoma Roofing Experts 

In Oklahoma, if you do not wish to file your roofing company right away but want to hold the name that you have decided on, then you can reserve your roofing company name for 60 days. You must file a name reservation application with the Oklahoma Secretary of State to keep the name. 

You can register your business under a different legal name if your preferred name isn’t available. Once you have chosen a name, you can submit an application for Oklahoma DBA (doing business as). However, before filing a DBA, you should know that you need to renew your DBA every Indefinite, which costs $25.

You can check the availability of your desired business name by searching the Oklahoma Secretary of State Business Entity Search ‘s website.

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Hire a Registered Agent

In Oklahoma, hiring a Registered Agent is essential when forming a business entity such as an LLC or corporation for your roofing company. A Registered Agent must have a physical address in the state where your business is registered and be available during regular business hours.

A Registered Agent receives official notices, correspondence, and documentation from the Oklahoma government, such as Annual Reports, tax notices, and other compliance-related information.

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File For Articles of Organization or Certificate of Incorporation

If you form an LLC for your roofing company, you must file the Oklahoma Articles of Organization, which costs $100. However, you must file the Certificate of Incorporation if you form a Corporation for your roofing company. The Certificate of Incorporation filing fee costs $25 for online, by mail filing or in person filing.. It is crucial to provide accurate and complete information on this document, as errors or omissions may result in delays or rejection of your filing.

Obtain an Employer Identification Number

You must first obtain an Employer identification number (EIN) in Oklahoma if you will open a bank account or hire an employee for your Oklahoma roofing company. 

The application of an EIN in Oklahoma can be through the following:

  • Apply Online- The online EIN application is the preferred method for customers to apply for and obtain an EIN.
  • Apply by Fax- Taxpayers can fax the completed Form SS-4 application to the appropriate fax number), after ensuring that the Form SS-4 contains all of the required information.
  • Apply by Mail- The EIN application Form SS-4 can be filed via mail. The processing time frame to receive the mail is four weeks.
  • Apply by Telephone-International Applicants – International applicants may call 267-941-1099 (not a toll-free number) from 6 a.m. to 11 p.m. (Eastern Time) Monday through Friday to obtain their EIN.

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Step 5: Obtain the Required Licenses and Permits

Oklahoma roofing contractors must obtain the necessary licenses and permits to operate their businesses. These requirements vary depending on your location and the scope of your services. Some of the common licenses and permits for roofing companies in Oklahoma include:

  • Roofing Contractor License: A state-issued license demonstrating your business meets the minimum professional conduct and expertise requirements. In Oklahoma, roofing contractors need to register as a roofing contractor, which costs $75 for a one-year registration.
  • Business License: Oklahoma may require a Business License. The business license fee in Oklahoma ranges from $50 – $300.
  • Building Permits: Required for certain roofing projects, such as new construction or major renovations.

Ensure you research the specific licensing requirements for your area and maintain compliance with all regulations.

Step 6: Obtain Insurance Coverage

Insurance is essential for protecting your roofing company from potential risks and liabilities. In Oklahoma, roofing contractors are typically required to carry the following types of insurance:

  • General Liability Insurance: This coverage protects your business from claims of bodily injury, property damage, and personal injury resulting from your services.
  • Workers’ Compensation Insurance: Required if you have employees, this coverage provides financial protection for work-related injuries and illnesses.
  • Commercial Auto Insurance: If you have company vehicles, this coverage protects against accidents and damages involving those vehicles.

Consult with an insurance professional to determine the appropriate coverage for your Oklahoma roofing company, or you can visit the Best Small Business Insurance in Oklahoma. 

Step 7: Purchase Equipment and Supplies

Investing in quality equipment and supplies is crucial for the success of your Oklahoma roofing company. Some essential items you will need include:

  1. Roofing tools include hammers, nail guns, pry bars, and utility knives.
  2. Safety equipment, including harnesses, fall protection systems, and hard hats.
  3. Ladders, scaffolding, and other access equipment.
  4. Roofing materials, such as shingles, nails, and underlayment.
  5. Office equipment and software for managing your business operations.

Step 8: Develop a Marketing Strategy

You must implement a strategic marketing plan to attract clients and grow your Oklahoma business. You should develop a strong brand identity through a professional logo, consistent messaging, and a cohesive visual identity. Create an informative, user-friendly website showcasing your services, portfolio, and contact information. Utilize paid advertising platforms such as Google Ads, Facebook Ads, or local business directories. And maintain an active presence on social media platforms, engaging with your audience and sharing valuable content.

Step 9: Hire and Train Employees

As your business grows, you may need to hire additional staff to help manage your workload. When hiring employees for your Oklahoma roofing company, prioritize candidates with prior industry experience and a strong work ethic. Ensure your employees receive proper training and know your company’s safety procedures and best practices. In addition, before hiring and training employees for your Oklahoma roofing company, you must obtain an EIN in Oklahoma with the Internal Revenue Service.

Step 10: Monitor and Adjust Your Business Strategy

Launching a successful roofing company in Oklahoma requires ongoing monitoring and evaluation of your business strategy. Track your progress, analyze your financial performance, and identify areas for improvement. Be prepared to adapt your approach as needed to ensure your business’s continued success and growth.

Benefits of Launching a Roofing Company in Oklahoma

Launching a roofing company can benefit entrepreneurs and their communities. Some of the key advantages include the following:

  • High Demand For Services: Roofing is essential for residential and commercial properties, as it helps protect buildings from weather-related damage and maintains their structural integrity. As a result, there is consistent demand for roofing services, providing a steady stream of business opportunities.
  • Growth Potential: With a growing population of 4,021,753 and constant construction of new properties, there is always a need for roofing services in Oklahoma. As your company gains a reputation for quality work, you can expand your service offerings and client base, increasing revenue and growth potential.
  • Job Creation: Launching a roofing company allows you to create employment opportunities for skilled workers in your community. This not only benefits your employees but also contributes to the local economy.
  • Flexibility: Running your own Oklahoma roofing company allows you to schedule and choose the projects you want to take on. This flexibility can lead to a better work-life balance and increased job satisfaction.
  • Profitability: With proper management, a roofing company can be profitable, as the demand for roofing services often leads to higher prices and healthy profit margins.
  • Opportunity to Specialize: As a roofing company owner, you can specialize in specific types of roofing systems, materials, or services that cater to a niche market, setting your business apart from competitors and increasing your market share.
  • Building a Reputation: By providing quality services and excellent customer satisfaction, you can establish a strong reputation in Oklahoma, increasing brand recognition, client loyalty, and referrals.
  • Skill Development: Running a roofing company allows you to continually develop your skills in various aspects of the business, including project management, customer service, and marketing, making you a more well-rounded entrepreneur.
  • Networking Opportunities: Operating a roofing company enables you to connect with other industry professionals, suppliers, and clients, helping you build valuable relationships that can lead to new business opportunities and collaborations.
  • Sense of Accomplishment: Launching and running a successful Oklahoma roofing company can provide a great sense of achievement and personal satisfaction, knowing that you are positively impacting the lives of your clients and employees.

FAQs

What are the requirements for starting a roofing company in Oklahoma?
Prospective roofing companies must obtain a roofing contractor license from the Oklahoma Construction Industries Board (CIB).
How do I obtain a roofing contractor license in Oklahoma?
You can obtain an application for the roofing contractor license from the CIB website.
What are the fees associated with obtaining a roofing contractor license in Oklahoma?
There is a $175 fee for the initial application and a $100 fee for the license renewal.
What are the insurance requirements for starting a roofing company in Oklahoma?
Oklahoma requires that roofing contractors must have general liability insurance.
How much insurance coverage do I need to start a roofing company in Oklahoma?
The minimum insurance coverage you need is $500,000.
Does Oklahoma have any requirements for roofing company owners or employees to hold specific certifications or special training?
No, but holding certifications or having special training could give your business a competitive advantage.
What are the best areas to start a roofing business in Oklahoma?
Oklahoma City, Tulsa, and Norman are among the best areas to start a roofing business.
What is the average salary for a roofer in Oklahoma?
In Oklahoma, the average hourly wage for a roofer is $18.84.
How much funding do I need to start a roofing business in Oklahoma?
The amount of funding you need will depend on factors like location and business size, so it’s best to create a business plan to calculate your needs.
How long does it take to obtain a roofing contractor license in Oklahoma?
It typically takes 4 to 6 weeks to obtain a roofing contractor license in Oklahoma.
Is a bond required to start a roofing company in Oklahoma?
Oklahoma does not require roofing companies to carry a surety bond.
Does Oklahoma require refunding on deposits, advanced payments on a new roof, or cancellation charges?
Yes, Oklahoma requires roofing companies to refund deposits and advanced payments if customers cancel their roofing contract. There may also be charges associated with cancellations.
Are there any other licenses or permits required to run a roofing company in Oklahoma?
Some roofing contractors may require safety training or OSHA certifications, and check with your local town and county for additional requirements.
How do I go about marketing my roofing company in Oklahoma?
You can use community advertising directories, social media, and traditional advertising to get the word out about your roofing company.
Is Oklahoma a good state to start a roofing company?
Yes, Oklahoma can be a great state to start a roofing company because home ownership rates are high, and there’s high demand for new roofs in storm-prone areas.
How can I stand out in the competitive roofing market in Oklahoma?
Providing high-quality customer service and being knowledgeable in the latest roofing technologies can help set you apart from competitors.
Is there a best time to start a roofing business in Oklahoma?
Spring and summer are best for starting a roofing business in Oklahoma as this period has the best weather for roofing installations and repairs.
Do roofing companies in Oklahoma face special weather-based challenges?
Yes, tornadoes, heavy rain, and severe winds can damage roofs in Oklahoma. Roofing companies should be prepared to earn extra during the storm seasons.
How stringent are the roofing contractor license requirements in Oklahoma?
The roofing contractor license requirements in Oklahoma are very stringent. The requirements ensure that roofing contractors have the necessary experience, insurance, and other qualifications.
How does Oklahoma taxing environment impact roofing businesses?
Oklahoma taxes are relatively low, and there are subsidies available for business owners. However, be sure to consult with an accountant to receive specific business-tax advice.
Do I need to collect and remit sales taxes for my roofing services in Oklahoma?
Yes, you are required to collect and remit state and local sales taxes for roofing services in Oklahoma.
How does Oklahoma’s consumer protection impact roofing companies?
Oklahoma has specific statutes that regulate contracts roofing companies, allowing customers to feel confident with hiring a roofing company.
How long does an Oklahoma roofing contractor license last?
An Oklahoma roofing license is valid for one year and must be renewed annually.
How does Oklahoma’s workers’ compensation structure impact roofing businesses?
Oklahoma employers must carry workers’ compensation insurance, including any roofing contractor owners who have employees.
Are there any accessibility requirements I need to be aware of when starting a roofing company in Oklahoma?
As per the legislation enacted to make commercial structures compliant in the future, roofing companies in Oklahoma are required to make repairs through modifications and accessibility footprints.
What local permits and licenses are required to start a roofing company in Oklahoma?
In Oklahoma, it is mandatory to obtain a sales tax permit to operate roof repairs & construction services. A commercial roofing contractor is permitted annually after obtaining the necessary requirements of the state force.
Do homeowners in Oklahoma need a permit to have their roofs replaced?
It is beneficiary for homeowners in Oklahoma to examine the requirements about changing and replacement of residential layout before repairing or performing installation. But, no permit is required if work only tackles minor repairs, cleaning, overlayments, and simple covering estimates.
What licenses are required to start a roofing company in Oklahoma?
To work as a roofing contractor in Oklahoma, you need to carry a contractor license that is taken through the Construction Industries Board (CIB).
How long does it take to get licensed to launch a roofing company in Oklahoma?
The licensing process for roofing contractors in Oklahoma typically takes four to six weeks.
Is insurance required to start a roofing company in Oklahoma?
Yes, you need liability insurance to protect your business and anyone who may be harmed by your roofing work.
Is workers’ compensation insurance mandatory in Oklahoma?
Yes, it is. Workers’ compensation insurance is mandatory in Oklahoma for all roofing companies with employees.
Can I hire subcontractors for my roofing company in Oklahoma?
Yes, you can hire subcontractors for your roofing company in Oklahoma, but you need to make sure that they carry liability insurance and are licensed by the CIB.
How do I get bonded in Oklahoma for my roofing company?
You can get a surety bond through an insurance agent that is licensed in the state of Oklahoma.
What are the liability limits for roofing contractors in Oklahoma?
The minimum liability limits for roofing contractors in Oklahoma are $50,000 per person, $100,000 per accident, and $25,000 property damage.
Is a general contractor’s license required in Oklahoma to start a roofing company?
No, only a roofing license is required to start a roofing company in Oklahoma.
Are special permits needed for a roofing company performing work in Oklahoma?
There are no special permits needed for a roofing company performing work in Oklahoma.
Do I need to register my roofing business with the state of Oklahoma?
You may need to register your roofing business with the Secretary of State’s office in Oklahoma, depending on the type of business you run.
What is the fee for registering a roofing company in Oklahoma with the Secretary of State?
The fee for registering a roofing company in Oklahoma is typically around $100.
What types of roofing projects are allowed in Oklahoma?
All types of roofing projects are allowed in Oklahoma, including shingle, tile, metal, flat and slate roofs.
What is the climate like in Oklahoma for a roofing company?
Oklahoma has a range of climates depending on the region, but it generally has hot summers and mild winters.
Are there any regulations about the type of roofing material used in Oklahoma?
No, there are no regulations about the type of roofing material used in Oklahoma.
How much does it cost to start a roofing company in Oklahoma?
The cost to start a roofing company in Oklahoma varies depending on the business structure and other factors.
Can I operate my roofing business from my home in Oklahoma?
Yes, you can operate a roofing business from your home in Oklahoma if you have the proper permits.
May I work on a customer’s roof without having a roofing license in Oklahoma?
By law and regulations, you cannot legally roof a home in Oklahoma unless you are licensed as a roofing contractor.
What are the most common types of roofing in Oklahoma?
Asphalt shingle roofs are the most common type of roofing in Oklahoma.
How do I find local wholesalers and suppliers for my roofing company in Oklahoma?
A quick online search for roofing wholesalers and suppliers in your area can reveal a lot of suppliers.
How can I find experienced roofing professionals to work for my Oklahoma-based roofing company?
You can place help wanted ads online or in local newspapers, as well as reach out to technical schools for job fairs or other recruitment initiatives.
What is the process to apply for a tax identification number in Oklahoma for my roofing company?
You can apply for your tax identification number in Oklahoma via an online application at the IRS website.
Can homeowners in Oklahoma install asphalt shingles or other roofing materials on their home without a roofing contractor?
A homeowner in Oklahoma may replace their own roofing if performing the work themselves, but not if seeking to do it as a business venture unless they operate with a roofing contractor.
Can a roofing contractor be held liable for the actions of their subcontractors in Oklahoma?
Yes, under certain circumstances, a roofing contractor can be held liable for the actions of their subcontractors.
What is the expected range of customer prices for a roofing project in Oklahoma?
The pricing range for roofing projects in Oklahoma varies by roof size, roofing selection, the need of a subroof, and several other factors.
Are there any grants or loans available to start a roofing company in Oklahoma?
There might be grant opportunities at the local level; they must be inquired with local authorities.
Do I need to take any additional training courses to become a roofing contractor in Oklahoma?
You may need additional training courses, depending on your roofing knowledge or if knowledge pre-requisite are required for the license, experience and qualification.
How often are roofing contractors required to renew their licenses in Oklahoma?
Oklahoma roofing contractor licenses need to renew every two years.
What is the insurance requirement for another contractor that’s working with a roofing contractor in Oklahoma?
In Oklahoma, every contractor is required to have liability insurance while performing their work, making it vital for them working with a roofing contractor.

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Conclusion

Starting a roofing company in Oklahoma can be a rewarding and profitable venture with the right planning and execution. By following this comprehensive guide, you will be well-equipped to navigate the challenges of launching your business and set yourself up for long-term success in the roofing industry.

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