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Sole proprietorship: The most common and the simplest form of business is the sole proprietorship. In a sole proprietorship, a single individual engages in a business activity without necessity of formal organization.
In general, sole proprietorships and partnerships need to register and file the business name (DBA or assumed name) with their local county clerk’s office. If you decide to incorporate, the Secretary of State’s Office (SOS) website has information on choosing the right legal structure for you.
How to set up a sole proprietorship in Texas 1. Choose your business name. Texas law allows you to operate a sole proprietorship under a name other than your own. While you can use your name, most people choose a specific business name.
1. Write your business plan. 2. Choose your business location. 3. Finance your business. 4. Decide on your business structure and register your business name. 5. Determine business tax responsibilities. 6. Figure out required licenses and permits. 7. Learn business employer requirements.
In a sole proprietorship, a single individual engages in a business activity without necessity of formal organization. If the business is conducted under an assumed name (a name other than the surname of the individual), then an assumed name certificate (commonly referred to as a DBA) should be filed with the office of the county clerk in the ...
Business Start-Up Information. Selecting a Business Structure. Guides & Resources. Employer & Tax Information. Business Information for Veterans. NEW: SOS Modernization Program. SOSDirect -Business Filings. Business Copies and Certificates.
In Texas, you can establish a sole proprietorship without filing any legal documents with the Texas state government. Though no action is required to legally create a sole proprietorship, you should follow four simple steps to start your business: Choose a business name. File an Assumed Name Certificate with your county.
What is a registered agent? What are the agent's duties? Where may a registered office be located? Can the Secretary of State be the registered agent of a corporation, limited liability company, or limited partnership? Do I need to publish a notice before incorporating a business?
Forming a sole proprietorship in Texas allows you to create the most common, basic type of small business without filing any state paperwork. With a sole proprietorship, you can legally engage in business activity in the state but do not need to establish a formal business entity.
In Texas, many people choose a sole proprietorship, but is it the right structure for you? To help you decide, we’ll cover what a sole proprietorship is, its pros and cons, and a step-by-step guide on getting registered.