How to Start a Bookkeeping Business in New Hampshire

Starting a bookkeeping service has minimal start up expenses and requires no special licenses or certificates.

Adequate bookkeeping is necessary for the survival of any business. According to the U.S. Census Bureau, there were more than 125,000 business firms in New Hampshire in 2002. If you live in this state and enjoy working with numbers, becoming a bookkeeper could be a stable business for you to start. Since start-up costs are minimal and there are no required licenses or certificates, this business is fairly easy to start.

Instructions

1. Get bookkeeping training if you don't already have experience as a bookkeeper. Contact your local New Hampshire junior college to see if they carry bookkeeping courses. You can also check with your New Hampshire area adult education programs to see if classes are offered. If neither one of these methods work for you, you might consider enrolling in an online bookkeeping training program.

2. Choose a location where you will conduct your bookkeeping business. Although the nature of this business allows you to work from home, you still need to designate a specific location such as a room or specific space within a room where you will operate your bookkeeping company. If you choose to lease a space, it's a good idea to sublease a small room or office in an larger executive office building.

3. Register with the Secretary of State's Corporation Division. All companies wanting to do business in New Hampshire must register with this division. The New Hampshire Business Resource Center website has information on how to do this.

4. Acquire a business license for your bookkeeping business. In New Hampshire as in all other states, you must obtain a business license before starting operations in your bookkeeping business. Contact the business licensing department for the city where your business is located. This is usually the finance department or treasurer's office for the city. Be prepared to complete an application and submit a fee to receive your business license.

5. Secure the required insurance for your bookkeeping business. Find out from the business licensing department if there are any specific insurance coverage requirements for your business type. In addition, obtain professional liability insurance. This type of coverage is often used by professionals who work with keeping track of finances. It protects against financial damage claims made by unsatisfied customers.

6. Obtain supplies and equipment for your bookkeeping business. This may include a computer, bookkeeping software, files and folders, file cabinets, etc.

7. Spread the word about your bookkeeping services. Let friends and family know that you have a bookkeeping service. Often times this is where you will get your first client or referral. Post ads in offline and online classified listings. Since businesses are always in need of a competent bookkeeper, leave your business cards at the front desk of other businesses to help acquire clients.

References

• New Hampshire QickFacts
• Starting a Bookkeeping Business

Resources

• Start a Business in New Hampshire