Starting a Business in Texas the Smart Way
Prospective business owners are energetic and excited about the future and we love getting the opportunity to help clients start new businesses. We know Texas business law and can guide clients through the process, ensuring compliance with applicable regulations. We take care to counsel clients about the risks and pitfalls without dampening their entrepreneurial spirits.
Some of the steps you should plan to take when considering starting a new business include:
- Doing your homework. Either do the research yourself or consult a successful business lawyer for advice regarding licensing and permits, financing, protecting your intellectual property rights and drafting necessary commercial agreements before you do anything else.
- Choosing a business structure. Select a business entity type available in Texas. Each type of business entity has its advantages and disadvantages, including differences in tax treatment and oversight requirements. Consult with an attorney and an accountant before deciding which type of business entity to form.
- Determining next steps. After you form a legal business entity, your next steps depend on the location and type of business you operate. At a minimum, most businesses will need a federal tax identification number from the Internal Revenue Service, a city or county business license before commencing operations and appropriate liability insurance.
When you are ready to breathe life into your business idea, contact an experienced Bryan-College Station, Texas business law attorney. Our attorneys provide assistance and answer your start-up and business formation questions. Call the Peterson Law Group to make an appointment at 979-703-7014 or fill out our online contact form.