Why You Should Move Your Small Business to Dallas
Whether it’s to save money or to be closer to your client base, the decision to move your company is never an easy one. It can bring a lot of stress and turmoil, as you coordinate logistics like finding a new office space, getting the necessary business licenses, and either finding new staff or helping your current employees move.
While there are many great cities to move your small business to, Dallas, Texas has a lot of great opportunities to consider. In fact, it’s even been named the Best Place for Startups by the U.S. Chamber of Commerce Foundation. With help from SayYestoDallas.com, we’ve pulled together some resources to help make your move to Dallas easier.
Step 1: Deciding how to move your business.
If you’re moving an already existing company to Dallas, you’ll need to choose from one of three processes on making the move legal in the state of Texas.
- You can continue to exist in your previous state and simply register as a foreign corporation that is conducting business in Texas.
- You can dissolve your company in your previous state and reform it in Texas.
- Or, you can reorganize by forming a new company in Texas and merging your old company into the new one.
Step 2: Obtaining licenses, names, and trademarks.
Even though you’ve obtained all of these things in your current state, they’ll need to be done again when you arrive in Texas. If your company is an LLC or a Corporation, you will need to register with the Office of the Secretary of State. If your company is a Sole Proprietorship or General Partnership, you’ll need an Assumed Name Certificate.
You’ll also need to:
- Check with the Secretary of State to see if your business name is available in Texas
- Re-register any trademarks your business or products hold
- Check zoning regulations (if operating out of a home office)
- Ensure your new office is up to Dallas’ Building Code
- Obtain any other necessary licenses at Dallas City Hall
Step 3: Find out what your tax obligations are.
Texas is one of the lowest states in terms of overall tax burdens. Companies who make less than $1 million/year should check with the Texas Comptroller of Public Accounts to find out if they may be exempt from certain tax obligations.
To learn more about what taxes your company will have to pay, you’ll need to check with the following entities:
Step 4: Learn about loans and other business incentives.
Small business in texas can benefit from various funds and financial incentives at the local, state, and federal levels. Some funds and loans you should consider include:
- Skills Development Fund
- Texas Small Business Fund
- Texas Product Development Fund
- The Economic Development and Diversification Program
- Data Center Sales and Use Tax Exemption
- Research and Development Tax Credit
- Texas Enterprise Fund
Step 5: Find resources and network with others in the Dallas, Texas area
There are plenty of growth and development centers designed to help new business in Dallas flourish. There are also countless networking events across a variety of industries that you should take advantage of. After all, there’s nothing more valuable than meeting others in your field and learning how they make their Dallas-based company thrive. To learn more about these opportunities, check out this list on SayYestoDallas.com.
Step 6: Furnish your new office
Once you’ve gotten all the necessary licenses and secured your new office space, you’re going to need to get it ready for the first day of work. Since moving furniture from your old location to your new one can be costly and time consuming, we recommend selling your old furniture and purchasing a new set of office furniture once you arrive in Dallas.
Whether you’re on a tight budget or have a little money to spend, Office Furniture Source has a wide variety of new and used office furniture to meet every company’s needs. Contact us or give one of our furniture consultants a call today for help designing your new Dallas, TX office at 855-318-4311.