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Austin, Texas ranks as best city in the US to start a business. See top 10 list

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Austin, Texas ranks as best city in the US to start a business. See top 10 list

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Do you have an entrepreneurial spirit, or are you thinking about starting your own business? Maybe you have a great idea, but you are not sure what city you want to start it in. 

According to a study by USA TODAY, Texas has cities that are great for pursuing a business. The article pulls studies from the U.S. Bureau of Labor Statistics, U.S. Census Bureau, and Bureau of Economic Analysis. 

And with a city like Austin home to businesses such as YETI, IBM, Dell Technologies, and Oracle, there could be optimism that others will do the same. 

More: Texas ranks third for business among US states in 2024, CNBC study reports

Here’s a look at how well Texas cities do when starting a business. 

The top 10 cities to start a business in the U.S.

According to USA TODAY’s research, here is the list of the top 10 cities in the U.S. to start a business.

  1. Austin, Texas.
  2. Miami, Florida. 
  3. Nashville, Tennessee. 
  4. Dallas, Texas.
  5. Atlanta, Georgia. 
  6. Phoenix, Arizona.
  7. Jacksonville, Florida.
  8. Raleigh, North Carolina.
  9. Houston, Texas.
  10. Tampa, Florida.

What Texas cities have the most entrepreneurs?  

USA TODAY examined metrics of 46 of the most popular cities in the U.S. 

According to their list, here a list of cities with the most entrepreneurs:

  1. Los Angeles 
  2. Nashville 
  3. San Francisco 
  4. San Diego 
  5. Miami 
  6. Austin 
  7. Sacramento 
  8. Portland 
  9. Dallas 
  10. Denver 
  11. Houston 
  12. Washington 
  13. Atlanta 
  14. Oklahoma City 
  15. San Antonio 
  16. Colorado Springs 
  17. Tulsa 
  18. Minneapolis 
  19. Seattle 
  20. New York 
  21. Boston 
  22. San Jose 
  23. Charlotte  
  24. Phoenix 
  25. Fresno 
  26. Omaha 
  27. Wichita 
  28. Raleigh
  29. Louisville
  30. Albuquerque
  31. Baltimore
  32. Tampa 
  33. Las Vegas 
  34. Kansas City 
  35. Columbus
  36. Tucson
  37. Memphis 
  38. Bakersfield
  39. Jacksonville
  40. Philadelphia 
  41. Indianapolis
  42. El Paso 
  43. Chicago
  44. Virginia Beach 
  45. Detroit
  46. Milwaukee

How to register an LLC in Texas 

Numerous small businesses choose to form limited liability companies (LLCs) because LLCs provide similar liability protections to corporations but with a more flexible structure and reduced administrative demands.

If you’re looking to start a business in Texas, here is how to register your LLC. 

  • Choose a Name for Your LLC: The name must be unique and distinguishable from other business entities registered in Texas. It must include “Limited Liability Company” or an abbreviation like “LLC” or “L.L.C.”
  • Reserve Your LLC Name: You can reserve your desired LLC name for 120 days by filing Form 501 (Application for Reservation or Renewal of Reservation of an Entity Name) and paying a fee.
  • Designate a Registered Agent: A registered agent is required to receive legal documents on behalf of the LLC. The agent can be an individual or a business entity authorized to do business in Texas.
  • File a Certificate of Formation: Complete and file Form 205 (Certificate of Formation) with the Texas Secretary of State. You can file online, by mail, or in person. The filing fee is $300.
  • Create an Operating Agreement: Although not required by law, it is highly recommended to draft an operating agreement outlining the ownership and operating procedures of the LLC.
  • Obtain an EIN (Employer Identification Number): Apply for an EIN from the IRS either online or by mail. An EIN is necessary for tax purposes and to open a business bank account.
  • File for State and Local Business Licenses and Permits:  Depending on your business type and location, you may need additional licenses or permits to operate legally in Texas.
  • Comply with Texas Tax and Regulatory Requirements: Register with the Texas Comptroller of Public Accounts if your LLC will be selling goods or services subject to sales tax. File an annual Public Information Report with the Texas Secretary of State and pay any required franchise taxes.
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