Business

You’re ready to take your idea and start your business, but when it comes to “Register My Business Texas” everything feels difficult or confusing. But learning about the process can help you get your company off the ground and operating within the law efficiently. Why Do I Need to Register My Entity Correct Legal Protections Registering a business provides legal protections from you, as an individual, to your business. It protects your own assets from the liabilities of financial decisions made by your business. This is crucial to maintaining financial security. Credibility and Trust When you register your business, it holds more credibility, and trust, with customers, suppliers, banks, etc. It will open even more doors for any unregistered person or company. 5 Steps to Register Your Texas Business Choose Your Business Structure LLCs provide liability protection coupled with tax flexibility. Corporations are best suited for larger operations. Sole proprietorships are the easiest and do not provide any protection. You will want to use structures that work with your goals and tolerance to risk. Select and Reserve Your Name Texas requires unique business names. You will search state availability through its Secretary of State, then reserve your name of choice until you register. Get Your EIN The IRS provides Employer Identification Numbers for tax purposes. You will need this for your bank account, to hire employees and for tax return purposes. File Formation Documents This is where you submit your Articles of Organization (LLC) or articles of Incorporation (Corporation) and required fees. Congratulations, you are creating your legal entity. Register for State Taxes Texas requires you to register for franchise tax. If you sell products or certain services, you will need to obtain your sales tax permits. Common Registration Mistakes Beginning operations prior to fully registering your company, choosing the wrong business structures, and missing deadlines with the state or the IRS can cause both legal and financial issues. You’re investing in avoiding expensive mistakes by doing it correctly the first time. Seek Professional Services There’s no need to go through the perplexing registration process alone. Call Texas business registration professionals today to make certain you’re establishing your business properly, legally, from the start.