Texas Business Startup Guides
Starting a Business in Sugar Land, Texas
Thinking about starting a business in Sugar Land, Texas? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Sugar Land.
Do You Have Entrepreneurial Drive and Passion?
Before announcing to the world that you are going to start your own business, take inventory of your entrepreneurial instincts and capabilities.
With so much at stake when you start a business, we strongly recommend you do the following before you proceed:
- Speak with other entrepreneurs in Sugar Land. Get their candid feedback on what it takes to start a successful business.
- You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
- Talk it over with a close friend or partner. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Sugar Land, Texas Demographic Information
Sugar Land has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Sugar Land demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Sugar Land.
Businesses
As a new Sugar Land entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Sugar Land for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.
Businesses
Have You Considered Franchising?
As you drive around Sugar Land, you'll notice that many local entrepreneurs have gone the franchising route. Should you be giving franchising serious consideration?
We highly recommend you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Selling A Franchise. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Muffin Break and Planet Smoothie. Alternatively, you can browse franchise categories, such as Vending Franchises and Real Estate Franchises.
Note on Sugar Land Franchise Opportunities: To find out if a franchise you are interested in is available in Sugar Land, you will need to get in direct contact with the franchisor.
Choosing a Company Name
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
As a final piece of advice, remember that because you are planning on starting a business in Sugar Land, it's very important that you make sure no other Texas company is using the business name you want to use.
Company Formation in Sugar Land, Texas
It's essential that your business is formed as a legal entity that is separate from its owners. The primary advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. Just because you are starting a business in Texas, it doesn't mean you are required to incorporate in Texas. In fact, you are allowed to incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There's a lot to know about forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Avoiding Personal Liability in Business. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Sugar Land, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
How to Improve Your Entrepreneurial Abilities
Successful entrepreneurs know that they don't know everything.
With your business being located in Sugar Land, Texas, you will want to take advantage of the learning programs at local Texas educational institutions. It's also smart to see if there are any networking organizations for Sugar Land entrepreneurs.
Now It's Up To You
You have a dream -- starting a business in Sugar Land. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Sugar Land businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Sugar Land, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Sugar Land, Texas
Here are more links that we believe will help you be successful in starting a business in Sugar Land.
- Resources for Sugar Land, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Sugar Land entrepreneurs.
- Texas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Texas.
- Houston, Texas Small Business Development Center - Serving 32 counties in Southeast Texas through 14 business consulting and training centers, the Small Business Development Center Network contributes to the growth and prosperity of the Texas Gulf Coast communities.
- North Texas Small Business Development Center - The NTSBDC Network promotes small business success by providing management education.
- Northwest Texas Small Business Development Center - The Northwest Texas Small Business Development Center was established with Texas Tech University in 1986. This regional program serves over ninety thousand square miles including ninety-five counties with a population base of approximately 1.8 million people. This region is serviced by six centers located in Lubbock, Amarillo, Midland/Odessa, Abilene, Stephenville, and Wichita Falls.
- South-West Texas Border�SBDC Network Texas Small Business Development Center - The South-West Texas Border Small Business Development Center (SBDC) provides consulting and technical assistance to the small business community.
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