Starting a Home Business in Texas
Starting a home business in Texas is a simple process, but one that requires a great deal of planning. Texas population is unique, so before you legally form your company, write a comprehensive business plan that builds on the wants and needs of you potential clients. A thorough business plan will include descriptions of the business, management structure, finances and marketing. When your business is complete, move forward with the necessary steps to legally form your company.
Instructions
-
-
1
Register your company with the Texas Secretary of State. Choose from either a corporation, limited liability company, sole proprietorship, general partnership or limited partnership. If you are uncertain of which choice to make, contact an attorney and accountant to go over the legal and tax implications of each form. To file, you may mail your formation papers to the Texas Secretary of State or present them in person for faster processing.
-
2
Contact the Internal Revenue Service (IRS) and apply for a Federal Employer Identification Number (FEIN). Though not a requirement of Texas, all businesses operated in the U.S. are required to register with the Internal Revenue Service for tax reasons. You can complete the registration online.
-
-
3
Register with the Texas Comptroller of Public Accounts. After you have legally formed your business and obtained a Federal Employer Identification Number, register with Texas for state taxes. Common taxes include income-tax withholding, unemployment insurance tax and sales and use tax.
-
4
Obtain all necessary local business licenses and permits. Requirements for licenses and permits vary by area and business type. To inquire about the license and permit obligations of your company, contact the county commission and city clerk offices. When all applicable licenses and permits have been obtained, the formation of your business is complete.
-
1
References
- Photo Credit texas proud image by buckwheat from Fotolia.com
