Start a Business
In business, there are no guarantees. There is simply no way to eliminate allthe risks associated with starting a small business – but you can improve yourchances of success with good planning, preparation, and insight. In Texas,small businesses continue to thrive due to a variety of factors including ourexcellent geographic location, our highly-skilled workforce, our low taxburden, our reasonable cost of living, our predictable regulatory environment,and our legacy of being Wide Open for Business. For the most recent statisticson the Texas small business climate please download the SBA State Profile: Texas.
Starting a business in Texas requires you to complete a number of basic stepsand make some key decisions. As part of your overall plan, you'll need toselect a location, decide on a business structure, and obtain the necessarylicenses and permits. Additionally, determining which financing options willmeet your short-term needs and long-term goals is crucial. Within this section,you will find information on some quick steps on how to get started.
We’ve broken the process of starting a business down into four basic steps, which are discussed in greater detail via the following links. Please note that new business owners should not hesitate to seek the guidance of a professional tax consultant, accountant, and/or attorney to help verify that all legal requirements are met before operating a business.
- Step 1: Business Structure and Name
Determine the legal structure of the business and properly file the business name with the state and/or county.
- Step 2: Business Tax Responsibilities
Determine the potential tax responsibilities of the new business on the federal, state, and local level.
- Step 3: Business Licenses and Permits by Business Type
Determine necessary licenses, permits, certifications, registrations, and/or authorizations for a specific business on the federal, state, and local level.
- Step 4: Business Employer Requirements
Determine federal and state employer requirements. There are various laws relating to employment of personnel.