How to Start a Business In Texas
Before you spend any money, do thorough research into all the costs that will be involved in getting started and maintaining the business. A business plan will be helpful. During the planning stage, you may find out you need financing to get started. Below, you can see how to register your new business in Texas. In order to acquire new customers and grow your business, you will need to use a number of marketing techniques along with other important business practices such as customer service and sales.
How to Register Your Business In Texas
It is a lot easier to start a business in Texas than in other states. You must do your own thorough research, as laws change regularly. Here are some steps you may have to take (not necessarily in order) to start your own company, along with links to more information.
Getting Started- The State of Texas has a website dedicated to new businesses here: https://texaswideopenforbusiness.com/start-business
1. Register your business name.
Find out more about registering a fictitious name here: http://www.sos.state.tx.us/corp/forms_boc.shtml
2. Select your business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more here: http://www.sos.state.tx.us/corp/businessstructure.shtml
3. Register your business with the State of Texas.
You can register your business with the state of Texas here: http://www.sos.state.tx.us/corp/forms_boc.shtml
4. Open a Business Checking Account.
You will need to open a separate bank account for your business with your new business name.
5. Find out about taxes, hire an accountant.
You may want to file your own taxes if you are a small company. As you grow, it will be easier to have an accountant do the work. More information about taxes here: http://www.window.state.tx.us/taxes/ and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business .
6. Get Liability Insurance.
Find an insurance agent that offers liability insurance. You may want to shop around, as prices and options can vary.
7. Worker’s Compensation.
The insurance agency that provided your liability insurance should be able to help with this. You don’t need Worker’s Compensation unless you have employees.
8. Get Health Insurance.
Since you will be self-employed, you will need your own health insurance. If you have employees, you will need a plan that will include their health needs also.
9. City License.
You may be required to obtain a license to do business in a particular locale, whether you are a resident, or not.
Depending on the locale, you may need to apply for permits before commencing certain business services.