Being inspired by a new business idea is exciting. Putting that idea into action, however, requires checking off a list of mandatory steps to make your budding enterprise legitimate and legal. This is true even in a business-friendly state such as Texas.
While there are no statewide requirements for general business licenses, many municipalities and counties mandate that you acquire the proper documentation based on your service area, business structure, and industry.
This article outlines some of the main steps involved with securing business licenses and permits in Texas.
The exact requirements for securing a business license in Texas vary by region. Below are some of the most common requirements you are likely to run into while setting up your business.
There are many ways to structure your business, with each option offering pros and cons. Here are common incorporation structures that entrepreneurs pursue when applying for a Texas small business license.
READ: How to register your small business
Nearly all business licenses require that you obtain an employer identification number (EIN), and one may be necessary for tax purposes. Depending on the nature of your business, there may also be zoning or permitting requirements involved with securing a Texas small business license.
Because these niche-specific requirements vary so much, the best way to navigate the licensing landscape is to consult this Texas business licenses and permits guide or visit your city hall. Alternatively, you can check with local industry or union groups that operate within your sector.
When registering your business in Texas, preparing the following information can help you save time:
In addition, be prepared to give personal information, including your name, date of birth, Social Security number, banking details, and home address.
Applying for licenses and permits is only part of the process of starting a small business. You’ll need a way to accept payments, track inventory, manage employees, and more. At Clover, our POS systems and cloud-based software can help you handle all of these tasks, allowing you to run your business more efficiently.
To learn more about our suite of POS and payment solutions, schedule a consultation with a Clover Business Consultant today.CONTACT SALES
This information is provided for informational purposes only and should not be construed as legal, financial, or tax advice. Readers should contact their attorneys, financial advisors, or tax professionals to obtain advice with respect to any particular matter.