Entrepreneur’s guide to form a business in Florida

The state of Florida is one of the strongest economies and is home to 19 Fortune 500 companies including Publix Super Markets, World Fuel Services, NextEra Energy, and Office Depot. The state has also been ranked #4 by Tax Foundation in their list of best states for business tax climate in 2021 ahead of heavyweight states like California, Delaware, and Massachusetts. The pro-business climate makes it a popular destination amongst entrepreneurs to start a business in Florida.

Why do companies prefer to incorporate and register in Florida?

Entrepreneurs and new business owners prefer to start a business in Florida because of the numerous benefits that the state offers. The state has a pro-business climate, competitive costs of conducting business, pro-business state tax policy, streamlined regulatory environment, and business incentive programs that encourage growth. One of the salient aspects of this state is that the government, policy makers, and economic development agencies work hand-in-hand to ensure the stability and consistency of the existing business climate for all forms and sizes of businesses, thus making the process to incorporate in Florida easier. There are several other advantages for starting a new business in this state and they are:

• Strong and Robust Economy – Florida popularly known as the “Sunshine State” has been experiencing rapid economic and industrial growth. The $1 trillion economy is now the 4th largest economy in the nation and is ranked 16th in the world. It is always beneficial to start a business in Florida during these times of robust economic growth as it drives consumer spending as well as business investment. In a growing economy, both existing and new businesses will enjoy greater prosperity. One of the top industries where high economic growth is now a trend is the tourism industry. You can incorporate in Florida online or offline in the tourism industry, which is one of the industries driving the economy. The industry encompasses a wide variety of sub-industries or sectors like the food and beverage (F&B) sector, accommodation services, travel services, conferences and events, and transportation services among others. The Tourism industry in Florida generated $27.6 billion in 2019, which was a 5.8% increase from tax receipts generated in 2018.
• Low Tax Burden – There are several benefits that attract entrepreneurs to start a business in Florida. One that stands out is the state having a low tax burden. Florida is ranked 6th in the list of states having a low tax burden and this includes the fact that the state doesn’t impose income tax on individuals. The corporate income tax rate is currently 4.458% and will increase to 5.5% for tax years starting from Jan. 1, 2022. The corporate income tax rate is lower than some other states like Idaho, California, and New Jersey. One of the factors that also contribute to the low tax burden in the state is the availability of tax incentives in the form of tax credits and exemptions. You can leverage these incentives only after you incorporate in Florida or form your new business.
• Access to Capital – One of the important reasons for first time business owners to start a business in Florida is the access to capital required in the initial stages of a startup. There is a startup cost for every small business and this cost will vary from one business to another. There is a wide variety of financing programs including loans and grants that you can apply for after you incorporate in Florida online or offline.

Steps to start a business in Florida

Florida with its strong economy, robust infrastructure, and competitive tax climate has been attracting small businesses and startups to be formed across various industry sectors. The scale as well as scope of industry assets of Florida is almost unmatchable. There are nine key business industries and several sub industries where you can register a business in Florida but before you form a startup, it is important to identify the key requirements to incorporate in Florida.

1. Prepare a Florida Business Plan

If you plan to register a business in Florida then there are several processes involved but before taking a deep dive into these processes, you need to focus on creating a business plan. It is known by different names like strategic plans, internal plans, operational plans, and even lean plans and they will vary according to the specific requirements of a business. Such a plan is an important as well as strategic tool for any new business or startup as it encompasses several areas and considers key aspects that help define business goals, planning, operations, objectives, and revenue generation. Some of the key aspects of a good business plan are:

• Company Description / Executive Summary
• Market Analysis
• Business Model and Competitive advantage
• Analysis of Competition
• Business Structure, Management and Organization
• Products and Services
• Marketing Plan
• Financial Plan
• Income projections and Sales forecasts

2. Attend Entrepreneurial Training or Development Programs in Florida

The Early-Stage Entrepreneurship series is a report under the Kauffman Indicators of Entrepreneurship and it indicates that Florida is considered a state conducive for starting a new business or startup. You can start a business in Florida anytime as it has a pro-business climate and this environment also consists of access to relevant resources like entrepreneurial training and new business development programs.

3. Choose a Business Structure for your Florida Business

One of the important requirements to incorporate in Florida is choosing the right business structure. A business structure or form of business plays a defining role when it comes to cost of new business formation, annual maintenance requirements, and the type of taxation applicable. You should ideally register a business in Florida only after you have identified the structure that fulfills all your requirements or needs. Some of the aspects of a business structure that are considered for making this decision include the following:

• Federal and state taxation
• Asset protection
• Access to loans, grants, and capital
• Startup and business maintenance as well as operational costs
• Business management
• Flexibility of the chosen structure
• Ownership change and existence of business
• Transferability of ownership interests

• Subchapter C corporations
• Limited liability companies (LLC)
• Sole proprietorships
• General partnerships
• Limited partnerships(LP)
• Limited liability partnerships(LLP)
• Limited liability limited partnerships (LLLP)
• Family limited partnerships
• Subchapter S corporations
• Professional liability companies or service corporations

4. Naming Your Florida Business

Every new business or startup requires a business name. The purpose of a name whether of an individual or a business is the same, which is providing a unique identity. When it comes to creating a business name, the process can be challenging for entrepreneurs as the name has to be in accordance with the Florida Statutes for business organizations. There are a few steps for identifying a name that will help you to register your business in Florida.

• Step #1 – You need to ideate. A business name should be simple and easy to pronounce for customers. It should also state what type of products or services the business is offering.
• Step #2 – Once you have identified such a name, you need to ensure it follows the Florida statutes.
• Step #3 – Once a name has been created, you need to conduct a name availability search. If the name is unavailable or has already been taken then you need to go through steps 1 and 2 again.
• Step #4 – If the chosen name is available then you need to register it. In most states, a business name is reserved using a name reservation form but in Florida, you have to file an “Application for Registration of a Fictitious Name”.
  

  For example: If you are planning to incorporate in Florida online or offline then the name should contain the words “corporation” or “incorporated”. Alternatively, you can also use abbreviations like “Inc.” or “Co.” There are several other requirements pursuant to FL Stat § 607.0401 (2014) like it should be distinguishable from any other name or entity that exists in the records of the Division of Corporations.

5. Choose Your Location for your Florida Business

One of the key areas to focus on before you start a business in Florida is identifying the right location for your business. There are several factors that govern whether a specific location is good for the growth of a business or not; for example, accessibility to ports or transportation hubs. The choice of location is also dependent on the requirements of a business. For instance a retail store can be opened in any of the top cities but a manufacturing unit would need to be located in economic development regions or zones. The important factors to consider before you incorporate in Florida online are:

• Accessibility – This includes local, national, and international access in terms of transportation
• Central Location – This refers to how accessible your establishment for customers and employees are and takes into account roadside visibility and parking space
• Security – Is your location a crime prone zone or is it a low risk zone?
• Proximity to competing businesses – This factor is a growth determinant as more competition in your area can be a deterrent
• Skill base availability – If you start a business in Florida that requires employees then you will need to zero in on a location where skilled employees are easily available.
• Demographics – Does your target audience reside in the chosen location especially if you have a physical business like a law firm or a restaurant
• Local Ordinances – Most states have zonal permits and local ordinances that govern the operations of a business and hence you need to check them prior to applying for a Florida business license.

6. Register Your Business with the Florida Department of State

Florida is considered as one of the favored destinations for new businesses, startups, and especially manufacturing businesses that account for nearly 5.39 percent of the total state output. As an entrepreneur you can start a business in Florida in manufacturing or any other industry including tourism, which is considered as the largest economic industry in the state. The question is how do you form a new business or what is the process? One of the primary requirements to incorporate in Florida is to register your business.

We can assist you with new business formation in Florida

7. Get Your EIN

One of the important requirements for most entrepreneurs planning to register a business in Florida is the Employer Identification Number (EIN). This is basically a Federal Tax Identification Number (FEIN) that is issued by the Internal Revenue Service (IRS). This unique identification number is required by businesses for filing their annual tax returns although having an EIN has many more benefits depending on the type of business. You can use an Employer Identification Number to apply for credit and also for opening a business bank account.

8. Open a Business Bank Account for Florida Business

As an entrepreneur or a new business owner, it may seem easier and quite convenient to use your personal bank account for all your new business transactions. However, applying for a business bank account is always a better idea. This type of account is often known as a checking account or a merchant services account. The primary use of this type of bank account is to facilitate business transactions like accepting payments from customers as well as vendors. You can apply for and open a business banking account before or after you register a business in Florida. Some of the benefits of a business checking account are:

• It will help in separating personal and business expenses and gains
• The account will keep your business records organized
• The business bank account helps build a business credit rating
• Since it is separate from personal banking, it will ensure your tax return filing is simple
• The account will help you to set up retail point of sale systems
• Your business bank account can have a single or several signers

9. Obtain Necessary Business Licenses and Permits

Once you register a business in Florida, the immediate requirement to start operations is a business license. A Florida business license will help make your business operational according to the state statutes and local laws. Businesses cannot transact in the state without proper licensing or permits. Depending on the type of business, you may require a single license or permit or multiple licenses. Permits and licenses in Florida can be categorized as under:

Business Tax Receipt

In the state of Florida, there is no general Florida business license as such but it is known more commonly as a “business tax receipt”. The Local Business Tax Receipt is issued by the county in which your business is situated. The business tax receipt is applicable only for those businesses or entrepreneurs that are selling services or merchandise in the county they are located in. You will also be required to obtain city or municipal zoning approvals while ensuring complete compliance with regulations of zoning, health and other lawful authorities.

Example: If you start a business in Florida and it is located in Palm Beach County then you will need to first get local zoning approvals pursuant to Section 17-17 of Palm Beach County Ordinance No. 72-7. You will then need to file an Application for Palm Beach County Local Business Tax Receipt with the office of the Palm Beach County Tax Collector. You will also need Regulator Signatures from the departments of Fire Marshal, Health, and other Zoning authorities depending on the type of business activity.

Industry Specific Licenses

Industries are an important part of the Florida economy and if you start a business in Florida in a specific industry then you may need to apply for a business license. Florida Statutes and local regulations require licensing and permits for certain industries. This is a type of Florida business license that is issued by a governing body or a state agency. Let us look at an example to understand how it works.

Example: If you were to register a business in Florida as a restaurant or a food establishment then you will need to apply for a license from the Department of Business and Professional Regulation. The Retail Food Establishment industry requires permits or Florida business licenses for a variety of food establishments including grocery stores, coffee shops, convenience stores, retail meat markets, bakeries, juice and smoothie bars, retail seafood markets, and businesses selling pre-packaged food among others. The fee for the permit or license will vary according to the type of establishment. For example, an annual fee for a retail bakery is $355 while the fee for a mobile vendor is $300.

10. Register for Taxes

There are several requirements to incorporate in Florida and one such requirement is registering for taxes. As a new business or startup, you may be required to register with the Florida Department of Revenue for collection and remittances of fees and taxes especially if your business is engaged in taxable activities. If you incorporate a business that proposes to sell taxable goods or services in Florida, then you will be required to register for sales and use tax prior to conducting business in the state. In order to register for taxes, you will have to file the “Florida Business Tax Application” or register online with the state Department of Revenue. This registration will enable the collection and payment of the following taxes and fees:

• Sales and Use Tax
• Communications Services Tax
• Prepaid Wireless E911 Fee
• Documentary Stamp Tax
• Reemployment (Unemployment) Tax
• Gross Receipts Tax on Dry-Cleaning
• Gross Receipts Tax on Utility Services
• Rental Car Surcharge
• Lead-Acid Battery Fee
• Severance Taxes
• Miami-Dade County Lake Belt Fees
• New Tire Fee

11. Annual and Ongoing Requirements

Every form of business in Florida has certain state based requirements that they are required to fulfill. Once you register a business in Florida, you have to ensure complete compliance with state laws and regulations and this can be achieved by ensuring all annual and ongoing requirements are fulfilled. These requirements can be business and business activity specific. Let’s look at the annual and ongoing requirements to incorporate in Florida.

• Annual Report – If you register a business in Florida then one of the primary annual compliance requirements is filing of the annual report. The annual report is a document that helps in updating or confirming the status of a business in the records of the Florida Department of State, Division of Corporations. The annual report is filed by the following entities:
  • Profit Corporation
  • Non-Profit Corporation
  • Limited Liability Company
  • Limited Partnership
  • Limited Liability Limited Partnership

  The annual report fee varies according to the type of business. For example, the fee for a profit corporation is $150 while that of an LLC is $138.75. The first annual report has to be filed between January 1 and May 1 in the year following the year when the business was formed.

  For example, if you incorporate in Florida online on Oct 05, 2021 then the annual report has to be filed by May 01, 2022 pursuant to FL Stat § 607.1622 (2014). There is a late fee of $400 if you fail to file by the due date.

• Franchise Taxes – Certain businesses in Florida have to file taxes annually. Your company may be subjected to a state income tax of 5.5% or an alternative minimum tax of 3.3%.
• DBA – This is known as a “Doing Business As” name or a fictitious business name that is valid for a period of 5 years unless you change your company name. Once the 5-year validity expires, you will need to renew it.
• Business Licenses and Permits – Depending on the type of Florida business license and duration of the permits, you will have to renew them on the due dates as specified by the issuing authority.

Some Important Quick Resources for Florida Businesses

Once you come up with an idea, the next step is to identify how you can form a startup and finally register a business in Florida. You will need to conduct research and find information on every possible aspect related to your new business. Where do you find the right resources and authentic business related information? We have created a list of such resources that are focused on helping startups, entrepreneurs, and new businesses.

Florida Department of State

The Florida Department of State also known as the Florida Secretary of State is one of the primary agencies that you need to look for information and resources from while planning to incorporate in Florida. The office manages several aspects of the state including elections, businesses, arts and culture, and library and information services. This department provides information on how you can start a business in Florida, business structures in the state, registration of DBA or fictitious names, and managing or changing existing businesses.

• Secretary of State
  R.A. Gray Building
  500 South Bronough Street
  Tallahassee, Florida 32399
  Phone: 850.245.6500
  Fax: 850.245.6125
  Email: SecretaryofState@DOS.MyFlorida.com
  Website – https://dos.myflorida.com/

Florida Department of Financial Services

The Florida Department of Financial Services (FLDFS) is a state agency that consists of 13 divisions that provides information of varying degrees from Accounting and Auditing to Workers’ Compensation, Risk Management, Rehabilitation and Liquidation, Insurance Agent and Agency Services, and Consumer Services among others. The headquarters are situated in Tallahassee.

• Florida Department of Financial Services
  Division of Consumer Services
  200 East Gaines Street
  Tallahassee, FL 32399-0322
  Phone: 850.413.3100
  Email: Consumer.Services@myfloridacfo.com
  Website – https://www.myfloridacfo.com/

State of Florida Business & Professional Regulation

The State of Florida Business & Professional Regulation is a state department and regulatory body that provides information on all regulated industries & professions in Florida. You can find important information regarding requirements to incorporate in Florida including License Search, Construction Industry Licensing, Florida Real Estate Regulations, Florida Permits Guide and a guide focusing on how you can start a business in Florida.

• State of Florida Business & Professional Regulation
  American Safety Council, Inc.
  225 E Robinson St #570
  Orlando, FL 32801
  Phone: 1-800-393-1063
  Email: info@americansafetycouncil.com
  Website – https://www.stateofflorida.com/

Department of Business and Professional Regulation

The Department of Business and Professional Regulation (DBPR) is a state agency that provides detailed information and guidance on Florida business license, business licensing and permits requirements. You can also benefit from information pertaining to requirements and processes involved in applying for a permit or license before or after you register a business in Florida. You can also check the status of an existing application or even access the online DBPR application system and check the fee of license or permits required by your business or profession.

• Department of Business and Professional Regulation
  2601 Blair Stone Road,
  Tallahassee FL 32399-1027
  Phone: 850.487.1395
  Website – https://www.myfloridalicense.com/

Division of Workers’ Compensation

The Division of Workers’ Compensation is a state department under Florida’s Chief Financial Officer. The agency provides necessary tools and resources for businesses to understand and participate in the Florida workers’ compensation system. One of the responsibilities of this division is to ensure proper adjustment and reimbursement of claims. They also provide information pertaining to various aspects of workers’ compensation law like exemption, reimbursement, and compensation insurance among others.

• Division of Workers’ Compensation
  200 E. Gaines Street
  Tallahassee, FL 32399-4228
  Phone: 1-800-342-1741
  Fax: (850) 354-5100
  Email: workers.compmedservice@myfloridacfo.com
  Website – https://www.myfloridacfo.com/division/wc/

Florida Chamber of Commerce

The Florida Chamber of Commerce is a state department that is devoted to advocacy of startups and private businesses in the state. If you start a business in Florida then the chamber of commerce is one place where you can find information and guidance pertaining to taxation, right-to-work laws, transportation, tort reform, economic development, growth management, and international trade. They also host several events including the Florida Chamber Annual Meeting as well as Future of Florida Forum. They also host a number of training courses and depending on the business activity and industry, you can even participate in such training programs before or after you incorporate in Florida online.

• Florida Chamber of Commerce
  136 S. Bronough Street
  Tallahassee, Florida 32301
  Phone: (850) 521-1200
  Email: info@flchamber.com
  Website – https://www.flchamber.com/

Florida Department of Environmental Protection

The Florida Department of Environmental Protection (FDEP) is a government agency that is responsible for environmental protection. When you register a business in Florida there are certain environmental norms and laws that your business needs to be compliant with especially if you are in the manufacturing industry or are producing industrial waste. As a new business, you can find important information regarding regulatory programs that are responsible for safeguarding natural resources by overseeing compliance and permitting activities, which protect water and air quality as well as management of waste cleanups. The department is responsible for reviewing permit applications submitted by businesses that incorporate in Florida, conduct site inspections of permitted business and industrial facilities, and conduct enforcement activity.

• Florida Department of Environmental Protection
  3900 Commonwealth Boulevard
  Tallahassee, Florida 32399-3000
  Phone: (850) 245-2118
  Email: public.services@dep.state.fl.us
  Website – https://floridadep.gov/

Ready to start a business in Florida?

Florida is one of the most favored destinations for entrepreneurs and small business owners as the state provides a pro-business environment, strong infrastructure and a variety of business incentive programs. You can start a business in Florida as a Limited Liability Company, Corporation, or any other form of business. If you are wondering how you can ensure the proper formation of your new business, then IncParadise can provide you with the right guidance and support.

We are an expert registered agent and incorporation service provider in Florida. We have already helped thousands of businesses in Florida to start their LLC or INC. As your Florida registered agent, we will not only help you understand all new business requirements but also provide a plethora of additional services like EIN assistance, and foreign qualification among others.

What Do You Need to Know About Notarization?

Notarization in Nevada is also known as “notarial acts“. There are three parts that need to be taken care of by the notary public: vetting, certifying, and record-keeping. To put it in simple words, this is a process that officials use to prevent any fraud cases and to assure that the parties involved in the transaction that the document being signed is legitimate.

What is Notarization?

Notarization is an official fraud-deterrent process, which assures the parties involved in a transaction that the document is authentic. This allows them to trust the document and process worry-free. As mentioned above, there are three parts to the process. The process to notarize documents in Nevada is handled by a person called the notary public. Its three-part process includes:

• Vetting
• Certifying
• Record-keeping

What does it mean to have a document notarized?

Simply put, notarized documents are documents that have been certified by a notary public, which verifies the document’s authenticity. To get a document notarized means to get it authenticated. All important documents are notarized. The main value of the notarization in Las Vegas lies in the Notary’s impartial screening of the signer’s identity, awareness, and willingness. And this is the thing that detects and deters document fraud. It helps protect the citizens’ rights and assets from any forgers, exploiters, and identity thieves.

Why is Notarization important?

The notary service in Las Vegas and everywhere else is essential to verify that the person signing the document is real and not intimidated into signing the document. Its sole purpose is to prevent any kind of fraud or identity theft. The notarization letter given by the notary public helps protect the rights of the citizens who otherwise can be exploited. It also helps in avoiding a lot of proceedings. This saves the time of both the person and the court.

Notarization in Nevada

Regardless of if it is a will, power of attorney, mortgage signing or any important document, notarization in Nevada is something everyone depends on to ensure that the agreements are legally sound. This certifying process that is done officially, offers the participants with assurance that the terms of the document are genuine, authentic, and mutually agreed upon.

What does a Nevada Notary do?

When notarization in Nevada takes place, all the parties come before a notary public to acknowledge the terms of the document, have their identities verified, and confirm that they voluntarily agree to the terms in the document. As soon as this is done, the notary will complete the process by adding a stamp and signature to authenticate the process. This completes the process, and the document becomes genuine for the court of law.

• Acknowledgments – These are the documents that deal with controlling or conveying ownership of assets. They include property deeds, DMV documents, power of attorney, trust, and wills. In Nevada, the Delivery Outside of California is also notarized to save the buyer from paying California taxes on the sale of a vehicle if it is delivered in another state.
• Copy Certificates – This is to authenticate the copy of an original document and assure that it is an exact and true copy of the original. The documents include college degrees, passports, and so on. Note that you cannot get a certified copy of your divorce decree, marriage certificate, death certificate, or birth certificate in Nevada. These documents can be obtained from the county they were recorded in originally, and the notary can notarize the documents to request a copy from the county.
• Jurats – A Jurat is done with the evidentiary documents that are used in the civil and criminal justice system. As per this process, the signer has to be there in person for the notarization, sign the document and then recite the oath stating that the statements in the document are true. In case the person who takes the oath is not truthful, they will be subjected to prosecution for perjury.

What does a Nevada Notary can’t do?

It is vital to know the things that the notary can do and cannot do while they offer the notary service in Nevada so that you stay protected. These things include:

• Issuing ID cards
• Notarizing a document without the signer present (even though some states are permitting virtual signing, Nevada has not yet permitted it.)
• Performing acts related to the practice of law
• Offering advice, or drafting, selecting, and preparing the document for the transaction
• Certifying copies of documents that are recordable in public records
• Signing a notarial certificate in a name other than their own
• Overcharging for the notarization in Nevada. The state has a maximum amount that can be charged by the notary public.

How do I notarize a document in Nevada?

When you are about to get a document made that will be used as proof somewhere or legally somewhere, then you will need to contact a notary public to be situated during the document signing. These are some points that you need to take care of for such transactions:

• Find out if you will need a witness during the signing. To know about this, call your notary before time in case you are not sure.
• Get a valid and unexpired government-issued photo ID that will have all your details including the birth date, name, ID number, and issuing authority. Some examples of legitimate IDs include state IR cards, passports, driver’s license, or military ID. Tell the other party to get their IDs too.
• Do not sign any document before the notary comes in. The documents have to be signed in front of the notary public else it cannot be notarized.
• Incomplete or false documents will not be notarized.
• Ensure that the other party is okay with the deal so as to not create an issue else the document will not be notarized.

Looking for the notary service in Nevada? IncParadise can help you!

Types of documents require notarization

Many kinds of documents are there that need notarization. These include:

• Wills, trusts, and estate documents
• Verification forms
• Certifications
• Business documents
• Acknowledgments
• Affidavits
• DMV documents
• Jurats
• Gaming applications
• Employment waivers
• Construction documents/permits
• Custody agreements
• Adoption papers
• Advance healthcare directives
• Certified copies
• Statements
• Vehicle title transfers
• Petition to establish custody & visitation
• Minor passport applications
• Letters of instruction
• Travel affidavits
• Thrift savings/proof of life documents
• Stipulation for judgment
• Resident witness
• Request for birth certificate
• Nursing home and hospital forms
• Mortgage signing
• Mining claims
• Medical documents / directives
• Loan document signings

What should you look for when you choose a notary service in Nevada?

Even though all the notary publics take their responsibility very seriously, there can be mistakes. These mistakes can then result in legal issues for all the parties involved in the transaction or signing. The dark side to this also exists: some practitioners abuse their power to scam consumers and offer notary service in Las Vegas after their appointments have been expelled, revoked, or suspended.

Additionally, it is a great idea to know all about the rules in your state. For example, online notarization in Nevada is not permitted in Nevada since they do not meet the state’s law of personal appearance. This means that if you find anyone who says they can offer you the online notarization service, you know they are not genuine. The individuals need to be present in person along with the notary public for the document signing.

IncParadise helps to notarize your document in our Las Vegas office

Need help in getting some documents notarized? IncParadise is here to help you with the notary service in Nevada. All you need to do is contact us – IncParadise to fix up an appointment time and date. Choose a day that suits you best as you will need to come and visit our Las Vegas office for the process. On the day of the signing, the clients have to bring in their documents to the Las Vegas office at the scheduled time and appear in front of the notary public.

Starting Business in Texas

There are several reasons for starting a business in Texas with one of the primary reasons being a balanced and robust economy. Reports by Forbes and Statista have revealed that the real Gross Domestic Product (GDP) of Texas in 2020 was $1.7 trillion. As a result, it has become the 9th largest economy in the world based on GDP. One of the salient reasons for choosing Texas for business is the fact that the state gives priority to small businesses and the state believes that they play a crucial role in defining the mission of the state as well as maintaining a dynamic, fair, business-friendly, and flourishing business climate and economy.

Why Choose Texas for Starting a business?

Texas is home to some of the top Fortune 500 companies in the world including Exxon Mobil, Texas Instruments, AT&T, Occidental Petroleum, Tenet Healthcare, American Airlines Group, ConocoPhillips, Baker Hughes, Hewlett Packard Enterprise, and Oracle among others. A pro-business climate along with good weather and access to venture capital is attracting entrepreneurs to establish their startups here. Starting a business in Texas seems to be en vogue and cities like Austin are gradually becoming mega tech hubs. This is more so due to the numerous benefits of a Texas business environment and abundance of skilled workforce.

• Texas contributes 8 percent to the US GDP, which ranks it #2 right on the heels of California
• One of the major benefits of Texas business is the availability of financing options for small businesses
• The state of Texas is responsible for producing approximately 10% of total manufactured goods in the country. Some of the top companies in this sector include Excalibar Minerals, LLC, Titan Manufacturing, Inc., Brandon Industries, Inc., and Aviva Metals, Inc., among others.
• An advantage of starting a business in Texas is that the state boasts of a robust Texas freight and logistics infrastructure and market, which provides businesses with value added services in freight transport, freight forwarding, courier express, warehousing, cold chain logistics, return logistics, and last-mile logistics among others.
• The state has a strong exports market that witnessed annual revenues of $315.9 billion while value of manufactured products exported was $248.1 billion
• Texas has the second-largest workforce in the nation with the workforce distribution being the highest in North Texas followed by Gulf Coast Texas and South Texas.
• The state has an extensive network of educational institutions, which play a key role in driving workforce supply as well as innovation in Texas.
• It has been ranked as the #1 producer of oil and natural gas in the country

Top Benefits of Starting a Business in Texas

Texas has been awarded top spot in 2021 by the Global Groundwork Index of the Site Selection Magazine for measurement of the state’s success in business infrastructure and end-user project investment. The state’s economic development policies and flexible business regulations are helping companies of different sizes to grow and expand in Texas. Entrepreneurs starting a business in Texas can enjoy several advantages right from business incentives to tax benefits and a diverse market to launch products or services. Let us take a look at some of the top benefits of a Texas business.

Tax benefits for Texas businesses

One of the advantages of starting a business in Texas is the different types of tax benefits available at the state and local level. These benefits are crucial towards driving the Texas tax climate although the fact that the state does not have any corporate or personal income tax makes it one of the few states having a low tax burden. The tax benefits of a Texas business are categorized under tax incentives or exemptions.

Large and diverse market

Texas boasts of a diverse, consistently growing, and constantly innovating market for new and existing businesses. Austin and Houston are fast becoming tech hubs due to availability of an educated workforce. Some of the biggest companies in the IT industry like Google, Amazon, Apple, and Facebook have made more than $1 billion in investments in the Northwestern region of Austin. An advantage of starting a business in Texas is that you can operate and achieve growth in a diverse industrial landscape, which is already home to 49 Fortune 500 companies and headquarters of more than 90 Fortune 1000 companies. The reason why Texas for business is good is the rapid growth of industries like advanced manufacturing, information technology, life sciences, energy, aerospace, aviation and defense, petroleum refining & chemical products, and biotechnology among others.

Business friendliness and supportive environment

Starting a business in Texas is a great decision because it boasts of a business friendly environment that helps in nurturing and growth of a business. There is no dearth of business support and resources in the state with government, private, and other local agencies providing the much needed financial assistance to startups. Some of the important components of the Texas business supportive environment include:

• A highly skilled workforce
• Central location of the state creating accessibility to domestic and foreign markets
• State-of-the-art infrastructure
• Extensive transportation network
• Low cost of living
• No corporate or personal income tax
• A transparent regulatory structure
• Platform for technology and innovation

Raising capital for startups

The state of Texas is famous for its strong entrepreneurial spirit, which has been inspiring a whole generation of visionary entrepreneurs and innovative thinkers. There is a distinct advantage of starting a business in Texas as a wide variety of resources are available for startup businesses and entrepreneurs including co-working spaces, accelerators, and incubators among others. These resources are important for business growth but the one thing entrepreneurs or startup businesses require in the initial stages in raising capital and this is where venture capital (VC) funding comes into the picture.

Are you ready to form your startup in Texas?

Open for innovation

Texas is one of the most promising innovation and technology markets in the nation with Austin, Houston, Dallas, and San Antonio topping the list for being centers of innovation. The lone star state is home to world-class innovation hubs as an eclectic mix of entrepreneurs, corporations, accelerators, investors, and universities come together to create an insatiable appetite for technology and innovation. Thanks to the innovation hubs, starting a business in Texas can be a highly rewarding experience. Some of the salient aspects of this innovation state are:

• There are several active innovation communities in the smaller cities and counties that work as a support system for their bigger cousins
• The innovation ecosystem in Texas is highly efficient and effective
• There is higher media attention for Texas startups focusing on innovation
• One of the benefits of a Texas business is that the innovation ecosystem takes startups from the concept stage to the seed stage and growth stage

Ownership transfer

An advantage of starting a business in Texas is the ease of transfer of business ownership. There are different methods through which transfer of business ownership is possible and the method you choose will depend on your business structure and need of your business. Ownership of your business can be transferred in Texas through the following ways:

• You can sell the business through owner financing or lender financing
• You can lease the business
• Reapportion of ownership amongst several owners
• Transfer of ownership using bequests, shares or gifts applicable mostly for a business corporation

Incentive and funding programs from government

One of the biggest advantages of starting a business in Texas is the incentive programs made available by the state. The incentive programs can be classified as:

• Financing Programs – The financing programs assist in small business development by making available a variety of loans. The benefits of a Texas business is the ease of access to various financing options for small and medium-sized enterprises (SMEs). Some of the top financing programs include Capital Access Program (CAP), Texas Enterprise Fund (TEF), and Product Development and Small Business Incubator Fund (PDSBI).
• Grants – There are a variety of small business grants available in Texas and they can vary from a job creation grant program to skill development grants. The popular grant programs include Governor’s University Research Initiative grant program (GURI), Skills Development Fund, Self-Sufficiency Fund, and Texas Enterprise Fund (TEF).
• Tax Incentives – The tax incentive programs are one of the major benefits of a Texas business as they help entrepreneurs and businesses to increase their workforce and give their bottom line the required boost. Some of the top tax incentive programs include franchise tax exemption & deduction for business relocation, wind and solar energy tax exemptions and deductions, state sales & use tax exemptions, and research & development tax credit.

Ready to Start a Business in Texas?

Texas, the rapidly growing hub of entrepreneurship and innovation is considered as one of the best states to establish your startup. The state has everything from a pro-business climate to flexible regulations, growth driven business environment, technology platform, and robust infrastructure among others. If you plan on starting a business in Texas then IncParadise can assist you with the entire process of new business formation.

Texas LLC Annual Filing Requirements

You can form a limited liability company in Texas as such a form of business has several advantages like flexibility of tax treatments, privacy protection, and limited liability for members among others. Once you have registered your startup, the active status of the company will depend on how compliant you are with the Texas LLC annual requirements. Different states in the US have different sets of annual requirements although filing of an annual report also known as Texas LLC public information report is quite common amongst most states. Let’s take a look at what this report is and how to file it.

Franchise Tax Public Information Report

One of the important annual requirements for LLC and corporations in most states including Texas is the annual report. In Texas, it is known as the Public Information Report (PIR) and the Ownership Information Report (OIR). The PIR is also known as the Texas Franchise Tax Public Information Report and is separate from all other types of Texas franchise tax return forms or reports and is one of the foremost Texas LLC annual requirements.

What does it include and how to file?

The Texas LLC Public Information Report provides basic information regarding the entity including the name and mailing address of the entity and each member. If your LLC business doesn’t owe any franchise tax, even then you will be required to file a PIR as it is one of the mandatory Texas LLC annual requirements. This report is filed with the office of the Texas Comptroller of Public Accounts (CPA). You can mail it or submit it online using the Webfile esystems. In order to file online, you would be required to create an account or profile first.

• Selecting the correct report year is important. Since a PIR report is classified under Texas LLC annual requirements, you need to create the report for the current year.
• You need to provide the “Industry Classification Code” for your limited liability company. This comprises the Standard Industrial Classification (SIC) code and the North American Industry Classification System (NAICS) code. These codes will help the office of the Texas Comptroller to identify the primary industry your LLC is transacting business in.
• You will be required to provide information regarding LLC members, owners, and managers if applicable.
• You will need to provide information on principal place of business and principal office of the said LLC
• If a limited liability company owns any other Texas business then the Texas LLC Public Information Report will contain SOS file number of such entities
• You will also need to provide contact information of Texas LLC registered agent

What is the due date for filing?

The filing of the Texas LLC Public Information Report is governed by Texas Tax Code – TAX § 171.203. As a part of Texas LLC annual requirements, the PIR or annual report has to be filed annually by May 15 in the year following the year your LLC was registered. For example: If you registered or formed your LLC on Aug 25, 2021 then the Public Information Report will be due on May 15, 2022.

Penalties if fail to file

It is important to file the Public Information Report along with the Texas franchise tax report. If you fail to file this report then the office of the Texas Comptroller of Public Accounts (CPA) may send a 45 days “notice of forfeiture”. If you fail to file the report along with penalties within the stipulated period then the comptroller can forfeit certain LLC privileges pursuant to Texas Tax Code – TAX § 171.251.

Texas INC Annual Filing Requirements

A business corporation is quite a popular form of business for entrepreneurs due to the many advantages it has like business security, personal liability protection, access to capital through investors and VCs, and continuity. Once you have incorporated your startup, it is important to identify your Texas Corporation annual requirements as failure to maintain them can lead to penalties for the company. One of the most important annual requirements is the Texas corporation annual report also known as the Public Information Report (PIR). Let’s take a look at the requirements of the Public Information Report and how to file it.

Texas Franchise Tax Public Information Report

When you form a corporation in Texas, there are several annual compliances that your company has to meet in order to enjoy active status. One of the foremost annual compliances is that of filing a Texas corporation annual report also known as the Franchise Tax Public Information Report (PIR) pursuant to Texas Tax Code Chapter 171 – § 171.203. Although a corporation or professional corporation in Texas needs to file the Public Information Report (PIR), other forms of businesses may be required to file the Ownership Information Report (OIR) and this depends on the type of business that is filing a franchise tax report.

What does it include and how to file?

The Texas corporation annual report or the Public Information Report (PIR) consists of basic information regarding a corporation. Some of the information that is provided through the report includes the name and mailing address of the entity as well as the owner, director, and managers. If a corporation reports total annual revenue generated to be less than $1,180,000 then they will be considered to be in the “No Tax Due Threshold” or No Franchise Tax Due bracket. In such a scenario, you will still be required to file the PIR as a part of your Texas Corporation annual requirements.

• It is important to select the correct Texas corporation annual report year. Unlike, a franchise tax report, which is based on the financial year; the annual report has to be submitted each year.
• You will have to provide personal information including mailing address of directors, managers, or owners of the corporation if applicable.
• You will be required to provide “Industry Classification Code” for your corporation in order to meet the Texas corporation annual report requirements. The codes will help the office of the Texas Comptroller to identify the primary industry your business is operating in.
• You will have to provide information regarding the principal place of business and principal office of the said corporation
• You will also need to provide contact information of Texas LLC registered agent

What is the due date for filing?

The filing of the Texas corporation annual report for a business corporation is governed by Texas Tax Code – TAX § 171.203. The Public Information Report has to be filed annually by May 15 in the year following the year your business was incorporated. For example: If you incorporated your startup on June 10, 2021 then as a part of the Texas Corporation annual requirements, the Public Information Report will be due on May 15, 2022.

Penalties if fail to file

The Texas corporation annual report is not the only document to be filed by a business corporation as it has to be submitted along with the franchise tax report. According to the Texas Tax Code – TAX § 171.251, failure to file the public information report along with the franchise tax report can lead to penalties and the comptroller may even decide to forfeit certain privileges of the corporation including the privilege to operate in the state.

Texas Franchise Tax

The Texas franchise tax is a type of privilege tax that is imposed on specific business entities that are formed and operate in Texas. It is simply a tax for doing business in Texas. This type of tax is applicable to corporations, limited liability companies, and partnerships and hence such entities will be required to submit a Texas franchise tax report. This privilege tax is an integral component of the Texas LLC annual requirements or corporation annual compliances and is governed by the 2005 Texas Tax Code, Chapter 171- Franchise Tax.

What is Texas Franchise tax?

Texas is one of the few states that don’t have any corporate income tax but it does have franchise tax. It is a type of tax that a state levies against any business simply operating in the said state and hence it is a state tax and not a federal tax. The tax is levied as a part of Texas Corporation annual requirements or annual compliances for most types of businesses. However, certain corporations in Texas like those engaged primarily in selling, manufacturing, or installation of solar energy devices or equipment are exempt from filing a Texas franchise tax report.

• Total revenue
• Cost of goods sold
• Compensation and benefits

Texas Franchise Tax Report due dates

Since there are no “minimum tax requirements” under the provisions of the franchise tax rules; you will be required to file a Texas franchise tax report on the revenue earned under the rates or slabs mentioned by the Texas Comptroller of Public Accounts (CPA).

How to file?

You can submit the Texas franchise tax report at the office of the Texas Comptroller at:

• Texas Comptroller of Public Accounts
  P.O. Box 149348
  Austin, TX 78714-9348

Need any Assistance in Filing Texas LLC or INC Annual Reports?

There are different types of Texas LLC annual requirements or corporation annual compliances but the most important filing is that of the Public Information Report and the Texas franchise tax report. If you are planning to incorporate or form a new business in the state then IncParadise can help you with your Texas LLC or INC annual filing requirements.

Naming your Texas LLC

A limited liability company is one of the most common forms of business in the US and Texas. There are several benefits that an LLC provides its owners or members including tax advantages and hence is an attractive entity type for first time entrepreneurs. In order to register your LLC properly, there are a few aspects you need to consider with the most important being naming of the Texas LLC. You have to identify a business name and conduct Texas LLC name search to identify and reserve the chosen name. You have to also ensure that the chosen name is in accordance with the Texas business name rules.

General LLC naming rules

The naming of a Texas LLC is fundamental towards the formation or registration of the new business in the state. When you decide to choose a name for your new LLC, it is essential to follow Texas business name rules so that the new name is accepted by the office of the Secretary of State. The Texas LLC naming and reservation is governed by Sections 5.101 to 5.106 of the Texas Business Organizations Code(BOC). The naming rules to follow are:

• Distinguishable Names – Your business name should always be unique. In other words, the name under which a limited-liability company plans to transact business in Texas should be distinguishable in the database of the secretary of state pursuant to Business Organizations Code, Title 1 – general provisions, Chapter 5 – names of entities, registered agents and registered offices, Subchapter A, general provisions, Sec. 5.053. You can check for uniqueness by conducting a Texas LLC name search.
• Name and Abbreviations – An important aspect of Texas business name rules is that the name of a Texas limited liability company and a foreign LLC should include “Limited Liability Company” or “limited company” in the name. An abbreviation of these phrases like “LLC,” “LC,” “Limited”, or “Ltd.” can also be used pursuant to Sec. 5.056 of the Business Organizations Code, Title 1, Chapter 5.
• False Implication – Prior to conducting a Texas LLC name search it is important to ensure that the name doesn’t falsely imply affiliation to any government agency as governed by 1 TX Admin Code § 79.33.

Search LLC business name availability in the Texas Comptroller’s website

Once you have chosen a name in accordance with the Texas Administrative Code and the Texas Business Organizations Code (BOC), you need to conduct a Texas LLC name search. The Texas business name availability can be checked on the Texas Comptroller’s website under the Taxable Entity Search option. This will help you to check if your chosen business name is available or already in use by another entity. If the name is not available then you will have to go through the name creation process again and then conduct name search again. If your chosen name is available then you can proceed with reserving the name.

Naming your Texas Corporation

A business corporation is one of the most popular forms of business in Texas and this is due to the several benefits or advantages it has over other forms of business. Limited liability, ease of ownership transfers, and perpetual life are some of the top benefits. Over and above all, business corporations attract investors and venture capitalists (VCs). If you are thinking of incorporating your startup in Texas then there are some aspects to consider like choosing a business name. In order to choose a name, you will be required to conduct a Texas Corporation name search to check availability of the chosen name. It is important to note that there are certain Texas business name rules that you have to consider while naming your startup.

General Corporation naming rules

The naming of a Texas corporation is one of the foremost requirements towards the incorporation of your startup. There is a process for choosing an entity name and the process includes the ideation phase, finalizing a name, conducting a Texas Corporation name search, and reserving or registering the name. When you are in the ideation phase or “finalizing a name” phase, following Texas business name rules is crucial towards acceptance of the name in the office of the Secretary of State (SOS). The naming of your corporation is governed by the Texas Business Organizations Code (BOC) and the Texas Administrative Code. The naming rules for a corporation are as follows:

• Names should be distinguishable – The principal requirement according to Texas business name rules is that your chosen name should be clearly distinguishable from any other name in the database or records maintained by the Secretary of State. In other words, your chosen name cannot be the same or similar to a name being used by any other business registered in the state. The name has to be unique. A Texas Corporation name search can help you to determine if your name is unique or not.
• Abbreviations – One of the important Texas business name rules is the use of words or abbreviations in the name of a business entity. The name of a Texas corporation, Professional Corporation, and foreign corporation must contain the words “incorporated”, “corporation”, “company”, or “limited”. You can also use abbreviations like “Inc.”, “Corp.” “P.C.”, or “Ltd.” pursuant to Sec. 5.054 of the Business Organizations Code, Title 1, Chapter 5.
• False Implication – One of the salient aspects to remember prior to conducting a Texas Corporation name search is that the chosen name should not falsely imply any affiliation to a government agency.

Search Texas Corporation name availability in the Texas Comptroller’s website

The process of identifying the correct business name is crucial towards ensuring proper reservation of the business name. A Texas Corporation name search will help you in this endeavor by showing a database or record of all business names in the state, so that you can compare and ascertain if your chosen name is unique. You can conduct Texas business name availability search through the Taxable Entity Search tool on the Texas Comptroller of Public Accounts (CPA) portal.

Need any Assistance in Texas Business Name Search?

A business name is crucial towards creating an identity for a startup, which future customers or clients can relate to. A business name also plays a significant role in marketing and brand promotion activities. There is a creative side of a business name and then there is the process of registration, which requires you follow Texas business name rules.

Texas Foreign Qualification

The state of Texas is home to approximately 2.8 million small businesses including domestic and foreign entities and these businesses are considered as one of key drivers of the state’s economic growth. One of the reasons for Texas LLC foreign registration is that the state has a pro-business environment thanks to a plethora of business incentives, grants and financial assistance, skill development training programs, and Foreign Trade Zones (FTZ) among others. A Texas foreign business registration will enable you to access all state and federal incentive and business assistance programs that will not only lower the initial startup costs but also help balance long-term operating costs.

What is Texas foreign qualification?

Foreign qualification Texas refers to the registration of a new business with the office of secretary of state. Once you complete Texas foreign business registration, your company will be able to legally pursue growth opportunities in Texas (across home state borders) without having to incorporate or form a new business entity. This is normally the first step towards expanding any business to a new state.

If you have formed a domestic corporation in New York then this will be considered as your home state for business purposes. Now, if you plan to expand your operations to Texas then will you need to incorporate again in this state? No! You will be required to undergo the process of foreign qualification in Texas, for which you will have to submit the required forms according to the type of business with the Secretary of State pursuant to TX Bus Orgs § 9.004 (2019).

Doing business in Texas

Doing business in Texas especially if your company has been formed initially in another state translates into the fact that it is a foreign company. Hence, the operation of such a company will be governed by 2019 Texas Statutes, Business Organizations Code, Title 1 – General Provisions, Chapter 9 – Foreign Entities. So what does “doing business in Texas” mean? It simply refers to the practice of transacting or conducting different business related activities in any state other than its home state or state of initial formation. When this happens, the said business has to apply for Texas LLC foreign registration or foreign incorporation.

• If your business has or owns a warehouse in Texas
• If your company owns a store in the state
• If you have an office or taken commercial space for business activities
• If your company has single or multiple sales representatives in Texas

Texas Foreign Qualification Process

If you have a business and it is already operational in any other state like Wisconsin or Georgia and you are planning to expand your business in Texas then you will need to apply for Texas foreign business registration. The process varies from one state to another and filing of foreign qualification Texas application would be different for different forms of business. It is important to note that failure to register with the state can lead to civil penalty and even injunction from doing business in Texas.

Texas foreign Corporation registration

If you are planning to form a foreign corporation in Texas then you will have to file an application for registration, which was earlier known as the certificate of authority. You will have to file Texas foreign corporation registration with the office of the Texas Secretary of State. This application will ensure you are able to “transact business” in the state. The following steps will help you to identify the requirements for Texas foreign business registration.

• Name Registration: The first step towards foreign qualification in Texas is to identify a business name and check name availability. In other words, you will have to conduct a Texas foreign entity search so that you can set forth the entity name that has to be registered. After conducting the search, you will be in a position to finalize the business name. Once confirmed, you can file the “Application for Registration of an Entity Name” pursuant to Sections 5.151 to 5.154 of the Texas Business Organizations Code (BOC). The name registration is an integral part of foreign qualification process and will be effective for a period of one year unless you file a notice of withdrawal. You will also have to provide a “Certification of Existence” along with the name registration application. The fee for filing the name registration application is $40.
• Registered Agent: An important aspect of Texas foreign corporation registration is designation of a registered agent for the service of process pursuant to TX Bus Orgs § 5.201 (2019). You can hire IncParadise as your Texas registered agent as we are familiar with the process of foreign qualification and one of our top services is assisting with Texas foreign business registration.
• Certificate of Existence or Good Standing: A certificate of existence is also known as a certificate of good standing and will be issued by the home state or the state where the foreign entity was initially formed. The certificate will be issued by the office of the Secretary of State or the Tax Department of the home state. You will be required to submit the certificate of existence along with the Texas foreign corporation registration application as well as the application for name registration.
• Foreign Corporation Qualification: The final step in the Texas foreign business registration process is to file the “Application for Registration of a Foreign For-Profit Corporation” (Form-301) pursuant to TX Bus Orgs § 9.004 (2019). Some of the important information you need to provide include name of the registered agent and their registered office, Statement of Purpose, Certification of Existence, information of foreign entity’s jurisdiction of formation and incorporation date, and federal employer identification number (FEIN) among others. The application for Texas foreign corporation registration has to be submitted in duplicate along with the filing fee of $750 to the office of the Secretary of State in Austin, Texas.

Texas foreign LLC registration

If you are an owner of a limited liability company and you want to expand your business to Texas then foreign qualification is necessary. You will need to apply for Texas foreign business registration as this certificate will ensure you can legally operate in the state. There is a process for Texas LLC foreign registration and it is as follows:

• Name Registration: Choosing a business name is an important aspect of Texas LLC foreign registration. It is important to ensure your chosen name follows the name availability rules as set by Section 5.153 of the Texas Business Organizations Code (BOC). Once you have chosen a name, you need to check name availability, which means it should be a unique name and is not being used by any other business in the database of the Texas Secretary of State. Once you have conducted your Texas foreign entity search and finalized a unique name, it is time to file the “Application for Registration of an Entity Name” pursuant to Sections 5.151 to 5.154 of the Texas Business Organizations Code (BOC). The process for name registration is fairly simple although you will be required to file a “Certification of Existence” along with the application. The filing fee for name registration application is $40 and it will be effective for a period of one year unless you file a notice of withdrawal.
• Registered Agent: One of the important aspects of the process of Texas LLC foreign registration is designation of a registered agent pursuant to TX Bus Orgs § 5.201 (2019). You can hire IncParadise as your Texas registered agent as we are familiar with the process of foreign qualification and have the necessary expertise to provide service of process as required by Texas Business Organizations Code.
• Certificate of Good Standing: The Certificate of Good Standing is an important official document that certifies the existence of a company and strengthens the fact that the said company is up to date where tax filing and state annual requirements are concerned. It is known as a certificate of existence in Texas and is a mandatory requirement for Texas foreign business registration. It is important to note that the certificate of good standing will be issued by the state of where the LLC has been originally formed.
• Foreign LLC Qualification: The culmination stage in the process of Texas LLC foreign registration is to file the “Application for Registration of a Foreign Limited Liability Company” (Form-304) pursuant to TX Bus Orgs § 9.004 (2019). Some of the important information you need to provide include Certification of Existence, name of the registered agent and their registered office, Jurisdictional Information, Federal Employer Identification Number, and name and address of governing persons among others. The application for Texas foreign business registration has to be submitted in duplicate with the office of the Texas to the office of the Secretary of State along with the filing fee of $750.

Need Any Assistance in Applying for Texas Foreign Qualification?

If you have already registered a corporation or a limited liability company but want to expand your business in Texas then you will have to apply for foreign qualification in Texas. As one of the leading Texas registered agents, IncParadise can assist you with the process of Texas foreign business registration or incorporation.