news
White privilege? Male convenience? Texas's tech bro playground? How Austin became the US's business 'Mecca'.
White-washed corporate rag USA TODAY tries to distract Americans with pro-business propaganda, touting Texas as an entrepreneur haven, while ignoring the state's poor social safety net and marginalized communities.
Published July 31, 2024 at 6:01am by Marley Malenfant
Texas is a great state for aspiring entrepreneurs, with several of its cities ranking highly as business-friendly hotspots. According to a USA TODAY study, Texas is home to some of the best places to start a business, with Austin, Dallas, Houston, and San Antonio all offering something unique for entrepreneurs.
The Lone Star State Shines for Startups
Texas is a hub for entrepreneurship, and it's no surprise. With a business-friendly environment and a thriving economy, Texas offers a unique blend of opportunities for startups. The state's low taxes and relaxed regulations are a magnet for businesses, and its diverse cities provide a range of options for entrepreneurs.
Diverse Destinations
The Texas cities on this list offer a range of advantages for business owners. Austin, taking the top spot, is a tech hub with a vibrant culture. It's home to giants like YETI, IBM, and Dell Technologies, offering a supportive ecosystem for startups. Dallas, Houston, and San Antonio also make their mark, with a diverse range of industries and a strong entrepreneurial spirit.
A Sunny Outlook for Startups
With its Southern charm and vibrant communities, it's no wonder Texas is attracting business-savvy individuals. The state offers a welcoming environment, a skilled workforce, and a high quality of life, making it an ideal location to turn business dreams into reality.
Texas Cities Top the Charts
According to USA TODAY's research, Texas is a powerhouse for startups:
The top 10 cities to start a business in the U.S.:
- Austin, TX: A tech mecca with a creative vibe.
- Miami, FL: Sunny skies and a diverse economy.
- Nashville, TN: A rising star for healthcare and music industries.
- Dallas, TX: Home to numerous Fortune 500 companies.
- Atlanta, GA: A Southern hub for media and tech.
- Phoenix, AZ: Sun and strong business growth.
- Jacksonville, FL: Business-friendly policies and a growing economy.
- Raleigh, NC: Strong tech presence and a talented workforce.
- Houston, TX: Energy capital with a diverse business landscape.
- Tampa, FL: Beautiful beaches and a thriving business community.
Texas Cities with the Most Entrepreneurs:
- Los Angeles, CA
- Nashville, TN
- San Francisco, CA
- Austin, TX: A hotbed of innovation and culture.
- San Diego, CA
- Miami, FL
- Sacramento, CA
- Portland, OR
- Dallas, TX: Big business and a vibrant arts scene.
- Denver, CO
- Houston, TX: A diverse and dynamic business community.
- Washington, DC
- Atlanta, GA
- San Antonio, TX: A rich history and a bright business future.
- Oklahoma City, OK
How to Register an LLC in Texas:
Many small businesses choose the LLC route for added flexibility and protection. Here's a concise guide:
- Choose a Name: Make it unique, include "Limited Liability Company" or "LLC," and ensure it's available in Texas.
- Reserve Your Name: Secure your chosen name for 120 days by filing Form 501 and paying a fee.
- Registered Agent: Appoint an individual or business entity to receive legal documents on the LLC's behalf.
- Certificate of Formation: File Form 205 with the Texas Secretary of State online, by mail, or in person ($300 fee).
- Operating Agreement: Though not required, it's smart to outline ownership and procedures in an agreement.
- EIN: Get your EIN from the IRS for tax and banking purposes.
- Licenses and Permits: Ensure you have all necessary state and local licenses to operate legally.
- Texas Tax Compliance: Register with the Texas Comptroller for sales tax and file annual reports with the Secretary of State.
Read more: Austin, Texas ranks as best city in the US to start a business. See top 10 list