Guide to Starting a Business
New business owners should always seek the guidance of a professional tax consultant, accountant, and/or attorney to review that all legal requirements are met prior to operating a business. However, these five steps will help you get started.
Step 1: Business Structure and Name
Determine the legal structure of the business and properly file the business name with the state and/or county.
Step 2: Business Tax Responsibilities
Determine the potential tax responsibilities of the new business on the federal, state, and local levels.
Determine necessary licenses, permits, certifications, registrations, and/or authorizations for a specific business on the federal, state, and local levels. Texas does not require a license to operate as a game company or film production company; however, there are often activities that need licenses, such as driving certain vehicles.
A permit may also be required for filming on certain locations, including city or state properties. The Texas Film Commission’s location department can help you determine whether a permit is needed for your production.
Step 4: Business Employer Requirements
Determine federal and state employer requirements. There are various laws relating to employment of personnel, including Texas Child Labor Laws.
New business owners should be aware of the Texas laws that relate to activities performed by filmmakers and game developers.
NOTE: Portions of the above information are from the Texas Economic Development Corporation.