Each state has its own requirements for registering a business. Now that you`ve selected a business structure and chosen your company name, here are the requirements to register your business in Texas. We recommend that all small businesses, including home-based businesses, purchase a general liability insurance policy. Companies that sell professional advice or services, such as consulting and accounting firms, should also consider professional liability insurance. Sole proprietorship: The most common and simplest form of business is sole proprietorship. In a sole proprietorship, a single person carries out a commercial activity without the need for a formal organization. If the business is operating under an assumed name (a name other than the person`s last name), a certificate of the adopted name (commonly referred to as a DBA) must be submitted to the county clerk`s office where a commercial building is maintained. If no business premises are maintained, a certificate of the assumed name must be filed in all countries where the activities are conducted under the assumed name. A sole proprietorship is an informal business structure that is not established or separate from its owner. This means that 100% of the profits of the company go to the owner; However, 100% of the financial responsibility, if the business accumulates debts or is sued, also rests with the owner. Starting your own business in Texas can be difficult. You need enough funding, time, personal support and professional support to successfully achieve your entrepreneurial dreams.
What will you call your business? When naming a business, you should choose an available name that follows Texas naming rules and resonates with your customers. Use our business name generator to find the perfect brand name and website. There are several types of bank financing available for small business owners. Limited Partnership: A Texas Limited Partnership is a partnership formed by two or more persons and has one or more general partners and one or more limited partners. The limited partnership works in accordance with a written or oral partnership agreement of the partners on the affairs of the limited partnership and the conduct of its affairs. Although the partnership agreement is not filed for the public record, the limited partnership must file a certificate of incorporation with the Texas Secretary of State. The Secretary of State will provide a form that meets the state`s minimum legal requirements. The online submission of the training certificate is done via SOSDirect. A partnership, like a sole proprietorship, is an informal business structure that is not registered, but with multiple owners. Similarly, partnerships have no liability protection, which you`ll find with a formal corporate structure.
Google My Business is a useful tool that helps businesses manage how their business appears on Google`s search engine results page (SERP) and Google Maps. This comprehensive licensing guide provides a list of state permits that may be required for individuals who wish to operate a business in the state. Partnership: A partnership is formed when two or more people join forces to operate a for-profit business. A partnership usually operates under a partnership agreement, but the agreement does not have to be in writing and it does not have to be a government filing requirement. If the corporation`s business is carried on under an assumed name (a name that does not include the surnames of all partners), a certificate of the adopted name (commonly referred to as a CDI) must be filed with the district clerk`s office in the district where a commercial property is maintained. If no business premises are maintained, a certificate of the assumed name must be filed in all countries where the activities are conducted under the assumed name. Database administrators in Texas are filed with the county where the company is located. TIP: We work with a company that can obtain and prepare business licenses and approvals for you. Click here to learn more. With over 15 years of experience owning small businesses, including a state agricultural agency in Southern California, Kimberlee understands the needs of business owners firsthand. When she`s not writing, Kimberlee enjoys waterfall hunting with her son in Hawaii.
Have you written a business plan? Our business plan generator makes writing your business plan easier than ever. Just add your company information and you`re done! The strongest and most memorable companies are built on a strong brand. As you build your brand, consider the following: To separate business expenses from personal expenses, you need to open a separate account for your business. In addition, when you get business credit cards, you start building a business credit profile (business or LLC required) and may later qualify for larger loans and lines of credit. To open the account, simply call the bank of your choice and find out what you need to do to open a business bank account. Typically, you will need a) your submitted documents b) your EIN c) a corporate resolution authorizing your business to open the account (signed by owners, members, officers or directors, etc.). If you have additional questions about starting a business in Texas or resources for small businesses, you can email the Governor`s Small Business Support Team in smallbusiness@gov.texas.gov The Texas State Government makes it easy to register your business name. Once you`ve determined that your business name is unique in the state and determined the type of business entity to form, all you have to do is file the required registration documents with the Texas Secretary of State.