Reviewed Financials for Tennessee Contractor’s License
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Reviewed financials for contractors license.
Affordable reviewed financial statements for Tennessee commercial contractor licensing, prepared by a CPA with a typical 1–2 week turnaround.
We help contractors understand how their business structure affects the financial statement and calculate the net worth needed for an Tennessee contractor’s license.
To obtain a contractor’s license for projects $25,000 or more, Tennessee requires a reviewed or audited financial statement from a CPA. We regularly prepare reviewed financial statements for contractors seeking a license up to $3,000,000. Let us help you understand the state’s working capital and net worth requirements so you can submit a complete, well-supported application.
Call us! 865-217-6803
- Our experience, backed by state required peer review, demonstrates our knowledge of the contractor industry.
- Licensed to prepare reviewed financials
- Awareness of TN contractor requirements
- We can explain the requirements and help you understand what is needed.
- Quick Turnaround
- Knowledge of multi-state licensing requirements
- Monetary limit recommendations
- In office or remote appointments
- Tax Preparation
- Knowledge of contractor filing deadlines
- Reviewed financials for contractors
Tennessee Contractor Requirements
- Pass the exam – Click here for more details.
- Complete the application at TN.gov
- Have your financial statements prepared by a CPA. – You’ll need 10 times the lesser of both working capital and net worth. (This calculation determines your monetary limit. We’ll walk you through exactly how it works)
- Are there additional options that may help meet the state’s financial requirements: Yes! You have 3 options:
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- Personal Guarantee – at 50%
- Line of Credit – at 50%
- Contractor’s License Bond – $500,000 bond for license under $3mil
Check out the state website for more details – Tn.Gov
Check out our Facebook TN Contractors Review
Contractor 2026 Deadlines
Month of Meeting Application Deadline Date
January December, 20th
March February, 20th
May April, 20th
July June, 20th
September August, 20th
November October, 20th
Entity Selection – Let’s discuss your options from a tax standpoint.
Taxes vary from state to state so don’t rely on a Google search. Make sure you know the federal and state tax consequences before choosing an entity.
- Sole Proprietor
- LLC
- S-Corp
- C-Corp
The Review Process
No in-office visit required. Everything can be done by email or through our secure portal.
- Checklist of items needed for the review
- Monetary Limit Advice
- Typically a 2 week turn around time – (Expedited options available)
- Support and help through the process – We’ll calculate your working capital and net worth and advise you on the limit you qualify for.
Get your reviewed financial for contactors license.
Contact us today for a free consultation to discuss your business and come up with an action plan. Turn around time for a reviewed financial statement is typically two weeks. The initial consultation will help us prepare a list of items needed, explain the requirements for the balance sheet, and establish a concrete time line.
Call Us! 865-217-6803
Take your business to the next level!
Check out what other contractors are saying about Hauser Accounting.
Contact Us
In office or phone appointments available.
Reviews@HauserAccounting.com
(865) 217-6803
735 N Charles G Seivers Blvd, Clinton, TN 37716
M-F: 8am-4pm, S-S: Closed
