Setting up a sole proprietorship is generally inexpensive compared to other business structures. The primary cost involves filing for a DBA, which varies by county. Additionally, you may need various permits and licenses based on your business type and location.
General business licenses can cost around $50 to $100, while industry-specific permits range from $25 to several hundred dollars. Applying for an EIN through the IRS is free.
Registering for a sales tax permit with the Texas Comptroller of Public Accounts also has no associated fee. The total cost of setting up a sole proprietorship in Texas might range from $20 to $200, depending on your business’s specific requirements and permits.