Sean Buckley, Houston-based associate of Adams and Reese LLP. Courtesy photo Texas Benefits Exist For Veterans Starting Businesses
Texas Senate Bill 938 provides veteran-owned businesses a waiver for the formation fees and the Texas franchise tax for up to five years. However, veterans must apply for it.
March 10, 2023 at 12:06 PM
5 minute read
As a veteran and now corporate services attorney, it is important to be aware of the resources available to assist entrepreneurs with setting up businesses in Texas. Now, veterans are provided a unique benefit to assist veteran-owned businesses with start-up costs.
In 2021, Texas Senate Bill 938 reinstated the New Veteran-Owned Business statute, effective as of Jan. 1, 2022, to provide veteran-owned business entities a waiver for the formation fees and the Texas franchise tax for up to five years.
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