In 2021, Israeli companies had managed to raise $25.6 billion in private investments. This surpasses 2020’s previous record of reaching $10.3 billion in funding. The numbers reveal that revenue is 146% higher primarily due to the larger amount of deals that reach over $100 million—which accounted for a 55% share or around $14 billion of the total for 2021. Hence, attributable to the increasing number of unicorns.

According to the United States Embassy in Israel, “U.S. firms have been a big part of the

Start-Up Nation story, with U.S. companies establishing two-thirds of the more than 300 foreign-invested research and development centers in Israel.  Israeli firms, meanwhile, represent the second-largest source of foreign listings on the NASDAQ after China – and more than Indian, Japanese, and South Korean firms combined.”

In the United States, Israelis now invest almost $24 billion, nearly three times the amount of what it was a decade earlier. The tech sector has seen major contributions from Israel and is transforming the region from a Startup Nation into that of a scale-up nation– founding the highest number of tech companies per capita. 

In the United States, Texas has consistently been one of the most business-friendly states, especially for tech startups. Starting an LLC in Texas is a great way for entrepreneurs to benefit from the current boom in economic development that the state provides. LLCs provide unique protection since they combine the benefits of a partnership or sole proprietorships and a corporation. Entrepreneurs, therefore, have a range of flexibility as well as superior legal protection. 

Starting a Tech Business in Texas

Starting a new business is an exciting time; however, a substantial amount of work is required prior to even applying for registration with the Secretary of State. Entrepreneurs should be enthusiastic, but this should not result in making hasty decisions and rushing the process. Instead, in-depth research, sufficient planning, and collecting as much customer insight as possible should be prioritized over getting the process completed quickly. This will act as a solid foundation that will allow for the stable growth of the business.

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Naming the Business

One of the most critical decisions that businesses will have to make at the onset is finding the right name for the company. A good business name will evoke an emotion in customers that will become synonymous with the brand. When the name of a business is brought up in conversation, it should bring up feelings of trust, confidence, and excitement. This is a lot of pressure to place on a brand; however, it is vital that enough thought and research goes into the name, especially since this step can make or break a business.

Starting an LLC in Texas will require entrepreneurs to follow certain naming guidelines that have been specified by the state, such as:

• The business name will have to include the phrase “limited liability company,” or a variation of its abbreviations or words: “LLC, L.L.C., Limited, Ltd., Company or Co.”

• The company name will not be allowed if it includes words that may confuse the LLC with a government agency, such as the FBI, Treasury, or State Department.

• Restricted words such as. Bank, Attorney, University might require additional paperwork to be completed and filed, and businesses will be required to have a licensed individual, such as a doctor or lawyer, to be employed by the company for the name to stand.

Appointing a registered agent

Registered agents are a federal requirement in the United States, and one will have to be appointed prior to filing for formal business registration.

The Lone Star State requires all registered agents to consent to the position– in either a written or electronic form. This statement of consent will have to include:

• The name of the business

• An express statement that the individual designated officially consents to serve as the company’s registered agent

• The full legal name of the person appointed as the registered agent

• A valid signature of the registered agent

• The date of execution

The consent statement will not have to be filed with the secretary of state. For in-depth information on this requirement, as well as other business tips, we recommend reading more at The Really Useful Information Company (TRUiC).

Final Thoughts

Tech startups are on the rise, and Texas has proven itself as a hub for new startups to reach their full potential. Starting an LLC in the state is relatively simple, and once entrepreneurs have decided on a name and registered agent, they can proceed to file for registration with the Secretary of State