Texas Business Startup Guides
Opening a Business in Teague, Texas
Contemplating starting a business in Teague, Texas? We walk you through the process of opening a business in Teague.
Are You Sure You Want to Do This?
Before announcing to the world that you are going to start your own business, assess your entrepreneurial instincts and capabilities.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Teague. Ask them candidly what it's like to run a business.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Teague, Texas Demographic Information
Teague has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Teague demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Teague.
Businesses
As a new Teague entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Teague 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?
Browse the Yellow Pages for Teague and you'll notice that many local entrepreneurs have gone the franchising route. Would going with a franchise be a good idea for you?
We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as The Franchising Process. Get a thorough education on franchising by browsing all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Representative franchise opportunities include Aero-Colours and KnowledgePoints Development Corp.. Alternatively, you can browse franchise categories, such as Wine Franchises and Marketing, Sales and Advertising Franchises.
Note on Teague Franchise Opportunities: To find out if a franchise you are interested in is available in Teague, you will need to get in direct contact with the franchisor.
Is Buying an Existing Teague Business a Good Strategy?
We've created a helpful website page for those who want to Buy a Business in Texas. Follow that link and you may find several good businesses for sale in Teague.
If you are headed down the path of buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.
Selecting a Name For Your Venture
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
For other considerations regarding naming a company, we recommend this article: Naming a Business.
On a final note, given that you are planning on starting a business in Teague, it's very important that you make sure you will be the only Texas company using the business name you have chosen.
Company Formation in Teague, Texas
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Texas, it doesn't mean you are required to incorporate in Texas. In fact, you can incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Piercing the Corporate Veil. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Teague, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Next Steps
You have a dream -- starting a business in Teague. 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 Teague businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Teague, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Teague, Texas
Here are more links that we believe will help you be successful in starting a business in Teague.
- Resources for Teague, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Teague 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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