The Lone Star Republic stands proudly in favor of business. Texas makes licensing easy. Most regulatory areas are centralized at the state-level where applicants enjoy simple forms and relatively few of them. Most cities don't have general business licenses and require few specialty permits compared to other major cities. Overall, starting a business in Texas is easy -- and with low tax rates, Texas strives to seduce entrepreneurs into furthering its large economy.
In Texas, financial Services Firms provide financial planning, money management and investment advice. Because people rely heavily on the advice of financial services professionals, firms are required to be licensed at both federal and state levels. Of course, local businesses licenses are usually required as well.