Texas Business Considerations · Small Business Addendum

Texas has no personal income tax, but does impose a Franchise Tax on most business entities based on margin, which applies even when a business is not profitable. Texas also taxes a notably broad range of services through sales and use tax. This addendum covers the franchise tax and how the margin calculation works, the no-income-tax advantage, sales and use tax including taxable services, annual report filing, business license requirements, registered agent obligations, and unemployment insurance. Written in plain English.

A companion to The Small Business Owner's Guide to Clean Books by Tidecount Financial Services.