Many business owners in Texas, are operating a business as a D.B.A. or Doing Business Ass, which may create a personal liability that can be avoided. This legal guide was created to help people in the selection of the business module that will suit their needs.
1
Decide whether to create a corporation, association or partnership
Each one of theses entities in Texas have different tax, legal and economical advantages and disadvantages, but will all shield you personally from liability.
2
Get you Federar Identification Number or Tax ID Number
This step is crucial if you are forming an entity other than a D.B.A.
3
File the appropriate papers with the Secretary of State
In Texas, the secretary of State has a website with lots of information about entities, liabilities and what to do, in order to form the entity.
4
Start conducting your business as the new organization
Now that you are formed as an legal entity, start enjoying the benefits of the formation.
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