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How to Open Your Own Accounting Firm

Launching your own accounting firm requires planning and smart investments. First, obtain necessary credentials like a CPA license ($150-$1,000 in exam fees). Startup costs typically range from $3,000-$20,000, covering business registration ($500-$2,000), accounting software ($20-$200/month), and professional insurance ($500-$3,000/year). Choose a niche (small businesses, e-commerce, etc.) and decide between a home office or commercial space. Build your digital presence with a website ($500-$3,000) and leverage LinkedIn for networking. Implement efficient systems using cloud-based tools and set competitive pricing models. Focus on delivering exceptional service to build client trust and referrals. With proper planning and about 6-12 months of runway, you can establish a profitable practice.

 

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Uploaded on June 10, 2025