What are the filing requirements for a new business?

In Texas, the filing requirements for a new business depend on what type of legal entity you plan on setting up. All business entities must obtain a Certificate of Formation or other document from the Texas Secretary of State and the governing authority in the county where the business is registered. A Sole Proprietorship requires filing Form 501 for notification of a business name to the Secretary of State. This is only needed if the business name is different than the legal name of the owner. A Limited Liability Company (LLC) requires filing Form 205 with the Texas Secretary of State, and Form 503 with the governing authority in the county where the LLC is registered. For a Corporation, the Certificate of Formation must be completed and filed with the Texas Secretary of State. A Limited Liability Partnership (LLP) requires filing Form 207 with the Texas Secretary of State. If the business will be selling goods or services subject to Texas Sales Tax or Collecting City or County Occupational Tax, you must register for these taxes with the Texas Comptroller of Public Accounts. In all cases, you are also required to obtain any necessary local, state, or federal licenses and permits to conduct business. It is important to research all regulations and requirements that are specific to your industry.

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What are the filing requirements for a new business?

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