Start a Business in Texas
Wednesday, October 30, 2019
In Texas, small businesses continue to thrive due to a variety of factors including our excellent geographic location, highly skilled workforce, low tax burden, reasonable cost of living, predictable regulatory environment and our legacy of having a business friendly climate. While there are simply no guarantees in business or a way to eliminate all the risks associated with starting a business, there is a way to improve your chances of success with good planning preparation and insight.
Some basic steps to starting a business include selecting a location, deciding on a business structure and obtaining the necessary licenses and permits. Additionally, determining which financing options will meet your short-term and long-term goals is crucial.
We’ve broken down the process into the seven basic steps below. 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 opening up a business.