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Texas 7-Step; How to Start a Business in Texas

What every start-up needs to know in
the state of Texas.

Congratulations, you finally decided to start your side business
or go at it full time.  It is so exciting and a tad overwhelming
especially when you don’t know where to start.  Whether you’re thinking
about starting your own electrical contractor business or you need to get your
business rolling already,  I have
compiled a helpful list on starting your new business in Texas.  
Photo Credit: vintageamericanatoggery.blogspot.com
Don’t hesitate to reach out to me directly if you have any
questions or need to know what agency to contact etc.  As a matter of
fact, I am adding more details on our website for you.  If you need info on something not listed here,
let me know so I can add it to my resource list.
Texas Step 1:
Once you have chosen a business structure, register your
business with the Texas Secretary of State.  This step is for limited liability companies, corporations, limited
partnerships, professional corporations, nonprofit corporations, professional
associations and registered limited liability partnerships.  You will be
able to search for the business name you wish to use here.  It is very
important that you do a search and pay for your name if available.  For
more information visit SOS Texas http://www.sos.state.tx.us/corp/forms_boc.shtml
Texas Step 2:
File a dba, Doing Business As, certificate with
the Texas Secretary of State and County Clerk offices.  In some counties
you have to file with either the State or County.  For more information,
check out the SOS Website. http://www.sos.state.tx.us/corp/forms_boc.shtml
Texas Step 3:
Apply for an EIN, Employer Identification
Number.  This can be found at www.IRS.gov,
you may do the application online or by phone.
Texas Step 4:
Taxes Taxes Taxes.  Depending of the type
of business you are running, you must register for several business taxes in
the state of Texas.  In Texas we have Sales Tax Permit, Franchise Tax,
Employment Taxes, and we have local taxes.  You will be able to consult
with a Comptroller Agent at http://www.window.state.tx.us/contact.html  They will tell you exactly what you need.
Texas Step 5:
Licenses, Permits, Registrations on a state,
county and local official websites must be consulted in order to determine if
your business needs a permit to operate in your area.  For example
electricians and electrical contractors must be licensed to operate in
Texas.  Food vendors must have permits, and day care centers must be
registered.  Visit TDLR for licensing information on licensing and
regulation http://www.tdlr.texas.gov/
For local and county permits and registrations contact the nearest Small
Business Administration.  www.sba.gov
Texas Step 6:
If you will be hiring employees, contractors or
anyone at all, make sure to become familiar with Texas labor laws as well as
the federal laws. In Texas, employers must register with TWC, Texas Workforce
Commission and report new hires, paid wages and pay taxes for
unemployment.  For more information contact TWC at http://www.twc.state.tx.us/twcinfo/contact-us.html.  (Contact me for payroll services, I have a
team of experts that have helped many of my guys get their business started
right from the start, you don’t want to mess with Payroll and employee taxes,
it’s complicated, messy and if done wrong you can be penalized in many ways.)
Texas Step 7:
Set up a business bank.  This step is
essential for every business everywhere or ever size.  At the end of the
year your life will be much simpler if your business accounting is separate
from your personal accounting.  Most banks offer business accounts as well
as personal accounts.  You will need a copy of your State or County
business certificate of formation or a certified copy of your dba record as
well as your EIN.
Resources and Great Information:
And as always, don’t forget we are here to
Cheers to your
Nancy Valdez

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