Additional Resources & Information
The IRS website provides information on starting, operating or closing a business, what taxes each form of business is required to pay and how to pay them.
It also provides information on how to apply for Form SS-4 either online or by phone.
http://www.irs.gov / 800.829.1040
Census data on a variety of demographics
This site talks about not only patents and trademarks, but also talks about copyrights.
For obtaining information about NAICS. http://census.gov/naics
Generates Profit and Loss statements for selected businesses’, based on sales.
A quick reference to assist Historically Underutilized Businesses (HUB)
It is important to determine what your market will be, have a rough estimate of your cash flow requirements, and what you will need to breakeven each month.
Sales Tax Permit 512-854-5282
Every sole proprietorship, partnership, corporation or other organization going into business should call the office of the State Comptroller to determine if a Sales Tax Permit is required for the product you sell, rent, lease or for the service you render. There is no fee for this permit.
Open a Separate Bank Account
Assemble all organization paperwork and EIN or Social Security Number. This will help keep business records from becoming mixed with personal records.
It’s highly recommended that an accounting system be implemented such as Quick Books, Quicken, Peachtree or an Excel spreadsheet.
Assistance in Locating a Certified Public Accountant
This site provides assistance in locating a CPA. http://www.tscpa.org
Texas Society Enrolled Agents http://www.txsea.org/
List of Austin CPA’s www.cpascount.org
Licenses There is no General Business License requirement in Texas.
Check with City Hall for licensing or zoning requirements or contact the State Licensing Office.
Questions related to Austin zoning and licensing call Danny Brewer at SBDP at the Business Solutions Center (BSC) 512.974.7772.
First Floor One TX Center
For liability, assets, vehicles, business disruption information go to this site. http://www.irs.gov/publications/p334/ch08.html
A list of franchise businesses is available at the following site: http://www.franchiseregistry.com
Consultants to give you free assistance in buying a franchise: www.frannet.com
If you are interested in opening your own restaurant go to this website: http://www.restaurantowner.com
Tools Every Entrepreneur Needs
Personal Property Tax:
All businesses and not profits must file a listing of their personal property as of January1st of each year. The form is due on or before the 15th. The form may be acquired from your county appraisal department or at
SCORE offers free and confidential face-to-face mentoring at chapter offices and email counseling at www.score.org. Local
workshops are conducted to meet the needs of both start-up and existing businesses.
5524 Bee Cave Road, Building M
Austin, TX 78746
San Antonio SCORE
615 E. Houston St., Suite 298
San Antonio, TX 78205
Copies of this publication shall not be made without the express permission of the Austin-San Antonio SCORE Forum. For further information, contact SCORE Austin, Bee Caves Road, Building M, Austin, TX 78746.