Before taking on the challenge of running a business for yourself, there are some important things you need to consider. The Secretary of State will perform a name search to verify that no other corporation, limited partnership, or limited liability company in Texas is using the exact name selected. Before you start selling your product or service, you need to build up your brand and get a following of people ready to jump when you open your literal or figurative doors for business.
If the business name has been used, look in the margin to see if it has been abandoned. Many occupations and business activities require licenses, permits or certifications from state agencies or boards. You may also need other types of coverage depending on your location and industry, but most small businesses are advised to purchase general liability (GL) insurance, or a business owner’s policy.
The county clerk will keep the original Assumed Name Certificate, so be sure to request several certified copies (at least one for the bank and one for your business records). Dave Crenshaw is an author and business coach who has been featured in Time, Forbes, and the Washington Post.
Once your research is complete and you have consulted with a legal professional, the following information will guide you to the appropriate local or state agency to file the required paperwork for the business structure you have selected. PUBLIC SPEAKING: invite us to talk about startup and business creativity at your next chamber, association, or club meeting.
They can advise you on all the issues above that relate to starting a business, how to legally structure your business (sole trader, partnership, company etc.) and on other important legal, financial, and tax matters. However, location may not be as important if you are starting a business that is home or internet-based.