The Council is committed to providing a wide range of services to local businesses and the community at large. Secondly, if you’re seeking outside funding for your venture, you need a business plan to show that you’ve thought things through carefully. Next, search the county records for that exact business name in the assumed name books or computer. Thus the startup process essentially becomes a learning process to refine that business proto-type into a scalable, replicable finished ‘product’.
Writing a business plan can help you secure funding and understand your business better. You will receive a registration certificate when you have registered your business at and SKAT has accepted your registration. To ensure that all permitting requirements are met, you should contact the local county and/or city government in which you plan to conduct business to determine if there are any additional requirements.
It is strongly recommended that a professional tax advisor, accountant, and/or attorney be consulted before starting a business. Second in a similar fashion you will become keenly aware of those aspects of your business that directly impact its ability to create and deliver value on day one; and have actions plans to address each aspect.
The days of the 40 page business plan have certainly passed, but the role of planning in the business creation process is one of extreme importance. Caveat: Formally organizing a business carries both great advantages and legal consequences. The Small Business Administration (and a number of state and local government agencies) exist solely to help small businesses grow.
Instead of going straight into full-fledged business mode, you’ll start with just the basics. You can use the SBA’s database to search for licensing requirements by state and business type. Texas employers who carry and who do not carry workers’ compensation insurance coverage are required to comply with certain reporting and notification requirements under the Texas Workers’ Compensation Act.