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: