I have formed a partnership with two others to perform general repairs for individual homeowners. What are the legal and tax requirements in order to operate this business?
There are a number of steps to meet the legal requirements, plus a couple of additional programs that, while not required by law, are necessary for a business such as yours. First, let’s consider the legal requirements: 1. Since the business is a partnership, you must register for a fictitious name (dba, short for “doing business as”) for the business. A dba is required when more than one person owns a business that is not a corporation or a limited liability company. Obtaining a dba can be done at your county clerk’s office, and must be done in every county where you plan to operate. 2. The city of Houston and the surrounding counties require business operators to obtain various licenses and permits to comply with local regulations. The number and type of licenses and permits may vary depending on the type of business involved. Generally speaking, business -license departments operate as tax-collecting bureaus and do not perform any type of service. You simply pay a fee to operate you
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