Texas has reached a new economic milestone with more than 3 million registered business entities, according to an announcement by Governor Greg Abbott and Secretary of State Jane Nelson. This figure is more than double the number recorded in 2015, when there were just over 1.4 million registered entities.
“Texas now has more than 3 million registered businesses, more than double from when I took office,” said Governor Abbott. “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.”
“This is a proud moment, and I congratulate all the entrepreneurs who are choosing to do business here in Texas,” said Secretary 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.”
The total number includes both companies incorporated within Texas as well as out-of-state firms that operate in Texas. Limited liability companies (LLCs) formed within Texas make up the largest segment among these entities.
To accommodate growth in registrations, the Office of the Secretary of State has updated many services with improved online resources. In September, it launched “Texas Express,” which provides same-day and next-day processing for various business services.
