• Phone:(401)765-1235

Startup Services

Congratulations on Your Decision to Start a New Business

Now, you’ll need a solid business plan, and a trusted finance and accounting partner to guide you on your journey. We want to be that partner.

Specifically Designed for the Small Business Owner

Chamberland Business Accounting offers specialized services that entrepreneurs need to launch their business and to increase their probability of success. From deciding the type of business entity that’s best suited for your venture, to choosing what insurance coverage you need to protect you and your investment, our team has the experience and confidence to guide you.

Our startup services include:

• Choosing the Type of Business Entity
Based on your personal circumstances and your business plan, we’ll help you decide whether your business should be a Sole Proprietorship, Limited Liability Company, Partnership, or Corporation.

• Creating Your Business Plan
We’ll help you create a focused and detailed business plan, or roadmap, to guide you on how to launch, operate and grow your business. It will also be an important tool in building confidence with potential partners, lenders and investors.

• Establishing Your Accounting and Bookkeeping Systems
We’ll assist you with opening your business banking accounts, set up your bookkeeping, as well as establish reports and procedures for tracking income and expenses. We’ll also help your track payables and receivables. We’ll even help you set up QuickBooks, train you on how to use it, along with guidance on records retention.

• Federal ID Number
We’ll show you how to obtain a federal EIN, so you can keep your business and personal tax obligations separate. It’s easy, important and a must for all small businesses; including sole proprietorships.

•Sales Tax Permit
We’ll help you register with the state, acquire any required permits, and establish sales tax procedures.

•Payroll Setup
We can set up a payroll system for you and your employees, as well as help you to determine if any workers should be classified as independent contractors for withholding purposes.

•Loan Applications or Investor Pitches
We will assist you in determining your working capital and start-up funding needs; then help you with your loan applications or presentations to investors.

•Insurance Considerations
Our team will advise you on which insurance policies and coverage levels you’ll need to protect you and your business, such as Commercial Liability, Property and Casualty, Workers Compensation and Business Interruption.

Our Services

What Should I Bring To My Business Consultation?

Documents

• Last Three Months of Bank Statements or Check Stubs
• Last Year's Business Tax Return
• Last Three Months of Credit Card Statements

Other Information

• QuickBooks Access
• Business's Bank Information

Please Note: This is a generalized list of what is required for a business consultation. As each business's needs will differ, we will notify you on what to specifically bring when booking your initial appointment.

Schedule a Free 1 Hour Consultation


Latest News

Business Owner Writing on Clipboard

Maintaining Control in Your Business: 6 Crucial Areas to Focus On

In being a small business owner, you are well aware that there are many areas to focus on to keep your business operating efficiently and growing; however, there are certain areas that you should be paying closer attention to. There are six important areas that should be constantly monitored, these six areas are: sales, accounts receivable, accounts payable, human resources & payroll, and physical assets.

Learn More
Business Owner, Magnent, Money

The Average Annual Revenue Small Business Owners Make

According to a recent insight summary report by Mercator Advisory Group called the "Consumers and Personal Finance: Primary Financial Institutions Can Help", has shown that the average annual revenue for small business owners is $78,000. Owners 18 to 34 have an average annual revenue of $81,300 while owners 35 to 64 years old average $76,500 in annual revenue.

Learn More
Dr Writing on records

How HIPPA Violations Can Impact Your Small Business

One of the most important types of confidential information is medical records. HIPAA (Health Insurance Portability and Accountability Act of 1996) was created to protect people's medical information. The fines for voilating HIPPA can greatly impact small businesses, as the cost for non-compliance of the Act can range from $100 to $50,000 per violation/record.

Learn More

Sign Up for Our FREE Newsletter

Get the Latest News, Tips, & More for the Success You Want!