What are the steps required to register a business?

Registering a business in Texas requires several steps. First, the business must choose an available business name and have it registered with the Texas Secretary of State. This must be done before the business can prepare any other documents or file any other state paperwork. Second, the business must obtain an employer identification number (EIN) from the Internal Revenue Service (IRS). The EIN is a unique number that identifies the business to the IRS and is required for any business that will hire employees. Third, the business must register with the Texas Comptroller of Public Accounts for any applicable taxes, such as sales and use tax, and file a franchise tax report with the Comptroller each year. Fourth, depending on the type of business and the county in which it is located, local business registration may be required. Finally, if the business will employ workers, the business must obtain a workers’ compensation coverage policy. This coverage protects the business and its employees from the financial losses associated with work-related injuries. With these steps, a business in Texas will be registered and able to operate legally.

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What are the steps required to register a business?

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