Before you spend any money, do thorough research into all the costs that will be involved in getting started and maintaining the type of jewelry business you will be starting. A business plan will be helpful. Below, you can see how to register your new jewelry business in Texas. These links will be helpful for starting any type craft business. 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 Jewelry 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 jewelry business name.
Find out more about registering a fictitious name here: http://www.sos.state.tx.us/corp/forms_boc.shtml
More on selecting a name for your new business HERE.
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 jewelry business with the State of Texas.
You can register your jewelry 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 jewelry 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.
Depending on what type of jewelry business you will be starting, you may want to consider 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 operate your jewelry business in a particular locale, whether you are a resident, or not.