If you are trying to start a transportation business in Texas, Curley Law Firm can help. Contact us today at 832-225-3448.
If you’re thinking about starting a business in Texas but aren’t sure exactly what type of goods or services you want to provide, a transportation business can be a great option to consider.
In fact, according to the Texas Comptroller, the state’s population may double by 2050 to more than 54 million people. With this growth, transportation will continue to be essential to Texas’ economy. Thus, this can be a lucrative area to get into. But you might be wondering, What do I need to start a transportation business in Texas?
Fortunately, with the right help, starting your own company doesn’t have to be as complex as you might think. When you’re ready to take the next steps on starting a transportation business, give The Curley Law Firm a call. In the meantime, check out our guide to learn more about how to start a transportation business in Texas today.
1. Choose What Type of Transportation Business You Want to Start
Before you figure out how to start a transportation service business, you’ll want to figure out what type of transportation business you want to operate.
For example, you might consider forming a:
- Car rental company;
- Trucking or shipping business;
- Moving company; or
- Ride-sharing or taxi service.
Depending on your location and a number of other factors, certain types of businesses may work better for you. Conducting research or a market survey and creating a detailed business plan can help you determine what type of transportation service has the most potential.
For example, you may want to focus on providing transportation services to a particular group, like senior citizens or people with disabilities.
2. Determine a Legal Business Entity Structure for Your Transportation Business
Next, it’s time to determine the type of legal structure that works best for the needs of your anticipated business. Below are some examples of the common types of entity structures you can choose from:
Of course, each entity structure will have its advantages and drawbacks. Thus, it’s always a great idea to discuss your business goals with a qualified business lawyer who can help you figure out which type of structure might work well for you.
3. Register Your Transportation Business with the State
Once you’ve selected your business structure, you’re ready to register your transportation business with the state. You will do so by filing your registration paperwork with the Texas Secretary of State.
The forms you’ll need to file will vary depending on the type of entity structure you select.
If you’re not sure how to get started or which forms you’ll need, we are standing by and ready to help.
4. Obtain Any Applicable Licenses and Permits
Next, be sure to obtain any applicable licenses and permits. For example, any entity engaged in the business of selling goods or a taxable service in the state must first obtain a Texas Sales & Use Tax Permit from the Texas State Comptroller Office.
There are a number of other Texas business licenses and permits you may need depending on the particular type of transportation company you choose to start. Check out the 2022 Texas Business Licenses & Permits guide to learn more about which ones you may need to obtain for your business.
5. Obtain an Employer Identification Number (EIN) and Open Business Bank Accounts
Finally, you’re ready to obtain an EIN from the IRS and open business bank accounts.
Obtaining an EIN is relatively simple and will allow you to hire employees, file taxes, and open business bank accounts. And while you may not have to open separate bank accounts for your business, doing so can help you establish your company as a separate and distinct entity from yourself in your individual capacity. This is important if you want to shield your personal finances from liabilities your business may face.
Ready to Start a Transportation Service Business?
When you’re ready to start a transportation business in Texas, The Curley Law Firm will be ready to help.
Lead business attorney Adam Curley has devoted the vast majority of his practice to helping businesses and business owners through a variety of litigation and transactional matters. In his 10 years of practice, he has helped countless clients with their legal needs. From entity formation to commercial litigation disputes and everything in between, when you hire our team, you can rest assured knowing that your business will be in capable hands.
Starting your own business can feel overwhelming and complicated. But we can help take the heavy lifting off your plate and make the process feel like a breeze. Contact The Curley Law Firm to schedule your free consultation and learn more about how to start a transportation business in Texas today.