Contractors: Having Fun Running Your Own Business? UPDATE

Want to Run a Legit Contracting Business? Here's the Math:

✅ Minimum Legal Costs (WA State):

WA Secretary of State Annual Report – $70/year

WA Business License Endorsement – $90/year

WA Contractor Bond – $149.37/year

WA Contractor Registration – $124.70/year

Business Insurance – $1,773/year

Total: $2,207.07/year → just $183.93/month

But that’s just to keep your name on file. If you want to operate like a true professional and compete with established companies, here’s the reality: