Texas reports 3 million-plus active business entities
AUSTIN — Gov. Greg Abbott and Secretary of State Jane Nelson recently announced that Texas has exceeded 3 million registered businesses — a record high that marks a significant milestone in the state’s ongoing economic growth, the two state officials noted.
In fact, the mark is more than double the number entities registered a decade ago, when 2015 saw just over 1.4 million businesses active in Texas.
“Texas now has more than 3 million registered businesses, more than double from when I took office,” Abbott said in a statement. “This milestone shows the true strength of the Texas economy. Texas is the land of freedom and opportunity where businesses and workers can chart their own path to succeed and thrive. With no corporate or personal income tax, a highly skilled and diverse workforce, and the best business climate in the nation, Texas attracts innovators and entrepreneurs from across the country and around the world.”
The total includes both businesses incorporated in Texas and out-of-state entities conducting business in the Lone Star State. The largest classification is in-state, limited liability companies, also known as LLCs.
“This is a proud moment, and I congratulate all the entrepreneurs who are choosing to do business here in Texas,” said Nelson. “Reaching the 3 million active entities mark demonstrates the strong confidence the business community has in our state, and there are no signs of this trend slowing down. My office remains committed to delivering efficient, reliable service to support business formations and operations in Texas.”
To support the growing number of Texas businesses, Nelson said her office continues to modernize its services while enhancing online resources. As an example, it was in September that the office launched Texas Express, which offers same-day and next-day services for many business services.
