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How to Apply for a Texas Business License and When to Submit a Report?

by Usama Tariq - 22 Apr 2022, Friday 88 Views Like (0)
How to Apply for a Texas Business License and When to Submit a Report?

How to apply for a Texas business license?

Texas Business License

Once you have incorporated an LLC or formed your small or medium business in Texas, you will be required to apply for a business license to make your LLC or corporation operate.

The type of license available for your business depends largely on the type of business. Texas has nearly 250 occupations, professions, and facility business licenses to choose from, which can be obtained directly from the Texas Department of Licensing and Registration.

At the same time, it's important to remember that the county or local city in which you operate may require additional business licenses or even permits. Let's take a closer look at these licenses and how to obtain them.

How to get a business license in Texas?

Any SME working in Texas may require a combination of business licenses and permits from state and federal agencies. Fees and licensing requirements will vary depending on the type of business activity, the county or city in which your business is located, and specific government rules.

How and Where Can You Get Your Texas Corporation License? You can obtain a Texas business license by downloading Form 3301, which is primarily used to apply for or renew a license.

The fee for a Texas business license is $285, which includes the $250 license fee plus a $35 application fee. In addition to this, you will also need to pay a royalty to the state government. If it exceeds $5,000, the royalties are 3% of the gross annual revenue associated with the licensed use.

Texas Secretary of State Website: https://www.sos.state.tx.us/

You will also need to file a quarterly report with the Texas Secretary of State. Royalties will have to be filed quarterly with the report. The timetable for submissions is as follows:

  • Q1: January 1st - March 31st -> report due date. April 15
  • Q2: April 1st June 30th -> Report due date: July 15th. July 15
  • Q3: July 1st September 30th -> report due date. October 15
  • Q4: October 1st December 31st -> report due date. February 15

A completed Form 3301 can:

  • Mail to Registered Unit, PO Box 13550, Austin, Texas 78711-3550
  • Hand-delivered to James Earl Rudd Office Building, 1019 Brazos, Austin, Texas 78701.
  • Submit online at TDLR (Texas Department of Licensing and Regulation):
  • https://www.license.state.tx.us/services.htm#apply

Once the completed application is approved, the Secretary of State will issue a business license that will enable you to operate in Texas.

The picture comes from the Internet

What are the types of Texas business licenses?

As far as business licenses are concerned in Texas, the state does not require a general business license. This is seen as creating a more business-friendly move.

Texas corporate licenses can be broadly divided into the following categories:

  • Texas Professional Licensure
  • federal license
  • Environmental license

The licenses that allow businesses to operate in Texas vary by county or city. Let's take Dallas as an example. You will need 4 different categories of business licenses, namely Home, Liquor, Vending Vehicle, and Sex-Oriented Business. The above licenses cost anywhere from $25 to $500, except the liquor license, which will cost you $7,202 plus $690.

On the other hand, if you plan to operate in Plano, then you will need a specific license under a professional business license. These licenses include food vendor licenses (including mobile food vendors), alcoholic beverage licenses (this is administered by the TABC as well as the City of Plano), special event licenses, and business licenses (this includes sex-oriented licenses) business), and an attorney license. The base fee for these licenses is $20.

Note: The review and processing of license applications vary by county, but as a standard, the processing time for a professional business license in Texas can be between 5 and 14 business days. However, the maximum processing time for a liquor license is about 75 working days.

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