Start a Business / Farmersville Economic Development Corporation

Starting a business is an exciting venture! This guide provides information you’ll need to get started, including tips on creating a business plan, securing funding, selecting a location, and completing necessary registrations.

Business Plan

Creating a business plan is vital to starting a new business. This plan should include the main purpose of your business, your business structure, and how you plan to succeed. The Small Business Administration offers a wealth of information on business planning and how to get started.

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Get Funding

There are many ways to fund your business from self-funding to investors to loans. To learn more about ways you can fund your business, visit the SBA’s information on Funding your Business.

You may qualify for grants or other incentives available for your industry that are offered here in Farmersville.

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A well-used grant option continues to be our Business Development Grant. If you qualify, this grant can provide up to $25,000 in assistance for businesses wishing to improve their physical plant or storefront.

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Pick a Location

Your business will need to be established in an approved zone for your business type. Reference our zoning map to help you get started planning, or use our properties tool to find space already available here in Farmersville.

Zoning Map

Available Properties

Getting Started

1. Register Your Business Name

How to register your business name will depend partly on how your business will be structured:

Unincorporated businesses - Assumed Name Certificates can be filed for unincorporated businesses with the Collin County Clerk’s office. To learn more about where and how to file, visit the Collin County website: https://www.collincountytx.gov/County-Clerk/assumed-names
Incorporated Businesses - Incorporated businesses will need to register with the Texas Secretary of State. To get started, visit: https://www.sos.state.tx.us/corp/sosda/index.shtml

2. Get Applicable Federal & State Tax ID Numbers

Federal - The IRS provides information on how to set up an Employer Identification Number (EIN) on their website: https://www.irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number
State of Texas - State tax filings are handled through the Texas State Comptroller's Office. Learn more: https://comptroller.texas.gov/taxes/

3. Apply for Licensing and Permitting

Contact the City of Farmersville at (972) 782-6151 to discuss any applicable licenses or permits that may be required for your business.

Need Help?

Collin SBDC

The Collin Small Business Development Center offers free and confidential business development consulting for new and growing businesses, as well as online resources to help you get started.

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Contact the EDC

The Farmersville EDC is at the ready to provide information and support!