Texas: A Top State for Businesses

According to a study by USA TODAY, Texas is home to several cities that are ideal for aspiring entrepreneurs. The article is informed by research from the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, and the Bureau of Economic Analysis.

"Texas has cities that are great for pursuing a business." – USA TODAY

Top 10 Cities in the U.S. to Start a Business

• Austin, Texas
• Miami, Florida
• Nashville, Tennessee
• Dallas, Texas
• Atlanta, Georgia
• Phoenix, Arizona
• Jacksonville, Florida
• Raleigh, North Carolina
• Houston, Texas
• Tampa, Florida

Texas Cities with the Most Entrepreneurs:

1. Los Angeles
2. Nashville
3. San Francisco
4. San Diego
5. Miami
6. Austin
7. Sacramento
8. Portland
9. Dallas
...
42. El Paso
...

How to Register an LLC in Texas:

• Choose a Unique Name: Include "Limited Liability Company" or "LLC" in the name.
• Reserve Your Name: File Form 501 to reserve your desired name for 120 days.
• Registered Agent: Appoint an agent to receive legal documents on the LLC's behalf.
• Certificate of Formation: File Form 205 with the Texas Secretary of State. Fee: $300.
• Operating Agreement: Draft an agreement outlining ownership and operating procedures (not mandatory but recommended).
• Employer Identification Number (EIN): Obtain an EIN from the IRS for tax purposes and opening a business bank account.
• Licenses and Permits: Ensure you have all the necessary state and local licenses and permits.
• Texas Tax and Regulatory Compliance: Register with the Texas Comptroller for sales tax and file annual reports with the Secretary of State.