When you want to start your own business, it’s important to have all the right documents. Otherwise, you would be running it illegally. A business plan is one of those documents you just need to have before starting any kind of rental service or in that matter you also need business license all for legal reasons.
There are some other documents that you need like Certificate of Incorporation which is a license to form a corporation issued by the government, Insurance policy to detail the terms and conditions of a contract insurance. You’ll also need a contract document, an Operating Agreement, Offer letters and more.
You can’t do business without contracts
Once the owner gets all of the documents needed, he can open to the public and start renting. Customers that want to rent a dumpster need to fill up and sign some kind of contract with you. On that contract, they should leave they personal information for you to have so you can contact them if there is a problem of some kind like not returning the dumpster on time to prevent stealing. The contract should point out the exact time and date when the customer has to return the equipment or pay for the extra cost.
By opening a dumpster rental, documents for the location of the rental place is crucial, that is the proof that you own that place. You will have to hire a bookkeeper to keep your books nice and tidy because you never know what could happen. You could still manage to run your business even with poor bookkeeping, but you should have all the legal paperwork for your business.
A rental service has extra insurance liabilities because it depends on non-employed people who are working with your equipment in this case dumpsters. That’s when insurance comes in when the customer who has signed some contract before taking any of the equipment. This is why the insurance for the dumpsters is critical for your success.