Business: The Checklist

This continuing education course for Minnesota contractors offers a comprehensive guide to business structuring, financial management, and regulatory compliance. Participants will explore various business entities to minimize tax liabilities, understand the importance of securing professional advice, and learn practical money management strategies such as utilizing lines of credit and tracking receivables. A major focus of the curriculum is navigating the complexities of worker classification using federal SS8 forms and Minnesota guidelines to properly distinguish between employees and independent contractors. Additionally, contractors will review essential contract components, including performance guidelines and subcontract agreements, while ensuring they remain up to date on critical compliance requirements like state liability and workers' compensation insurance minimums, vehicle DOT regulations, Minnesota OSHA standards, and the EPA's Lead Renovation, Repair, and Painting (RRP) rules