Business in Texas: Easier Than You Think
Texas might bring up images of cowboys, deserts, and heat, but today, it’s one of the most economically advanced states. It attracts people for many reasons:
- Scenic landscapes and a comfortable subtropical climate;
- Friendly, open people;
- High standard of living with affordable housing, food, and health insurance;
- Vibrant cultural life;
- A huge variety of recreational activities: surfing, kayaking, fishing, diving, and more.
But most importantly, Texas offers abundant opportunities to establish a profitable business by taking advantage of various privileges from local authorities. In this state, hard work is highly valued and respected, so lawmakers actively support entrepreneurs and the creation of new jobs.
A Home for Everyone
Texas is one of the most industrious states, with over 13 million residents who possess high professional skills. Incentives include not only fair financial compensation but also a strong labor rights protection system: Texas law has done everything possible to enhance workers' quality of life and rights.
This harmonious relationship between employees and employers explains the abundance of thriving businesses in Texas. The state boasts 48 major companies, including Toyota, Siemens, and American Airlines, as well as over a million small businesses across various sectors.
The economy of Texas is the second-largest state economy in the U.S., after California. Texas is the capital of the American oil industry, home to the headquarters of major oil companies, and also the center of the U.S. aerospace industry, offering unparalleled business opportunities.
Texas: A Modern Transportation Hub
Texas's strategic location and modern, developed infrastructure have transformed it into the country’s largest exporter, a title it has held for nearly 18 years. In 2010, exports from Texas exceeded $315 billion, surpassing New York and Los Angeles combined.
The state is home to 380 airports, 16 ports, and hundreds of miles of highways and railroads. Infrastructure development has been a top priority for the local government since 2006, and they have successfully achieved this goal. Traveling and working here is as convenient and fast as it gets.
Tax-Free Business
Texas's well-thought-out tax system plays a significant role in fostering business growth. A series of reforms has created comfortable and beneficial conditions for businesses, attracting entrepreneurs from around the world.
- No personal or corporate income tax, giving Texas the lowest tax burden in the country.
- No sales tax on materials for manufacturing machinery, equipment, and software.
- No franchise tax on companies that produce or maintain solar-powered devices.
- Low property taxes.
- No fees for obtaining work permits.
The state also offers grants for promising business projects. For a new entrepreneur, this is an incredible opportunity: government financial support makes it much easier to grow the business and provides flexibility when expanding.
What to Pay Special Attention To
The challenges of starting a business in Texas are mostly tied to the bureaucratic system:
- The cost of registering a new business is quite high, especially compared to states like Nevada, Wyoming, and Florida.
- The registration process is fairly lengthy, so patience is required.
- Because businesses are regulated by state, federal, and local agencies, starting a new business requires an extensive set of documents, which can be time-consuming to prepare.
To avoid red tape and bureaucratic delays, entrust document preparation to professionals. Our agency will provide expert assistance with all matters, so you only need to contact our representatives, and we’ll handle everything for you.
Call us at +1 702 204 6388 or email us at sales@usbusserv.com, and we’ll tell you how to start a business in Texas from scratch or relocate an existing company here. If you’ve decided to start a business in Texas, simply fill out the business registration application on our website.
We answer all questions completely free of charge!
