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 four 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.
NOTE: Portions of the above information are from the Texas Economic Development Corporation.