Guide to Starting a Business

New business owners should always seek the guidance of a professional tax consultant, accountant, and/or attorney to review that all legal requirements are met prior to operating a business. However, these five steps will help you get started.

Step 1: Business Structure and Name
Determine the legal structure of the business and properly file the business name with the state and/or county.

Step 2: Business Tax Responsibilities
Determine the potential tax responsibilities of the new business on the federal, state, and local levels.

Step 3: Business Licenses and Permits by Business Type
Determine necessary licenses, permits, certifications, registrations, and/or authorizations for a specific business on the federal, state, and local levels.

A permit may also be required for filming on certain locations, including city or state properties. The Texas Film Commission’s location department can help you determine whether a permit is needed for your production.

Step 4: Business Employer Requirements
Determine federal and state employer requirements. There are various laws relating to employment of personnel, including Texas Child Labor Laws.

Step 5: Familiarize Yourself with Laws Relevant to the field Pertaining To Your Business
New business owners should be aware of the Texas laws that relate to their particular field.

NOTE: Portions of the above information are from the Texas Economic Development Corporation.

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