![]() A franchise tax account status: LLCs and corporations operating in Texas are subject to a franchise tax.In that case, you must obtain an assumed name certificate from the SOS. An assumed name certificate: Suppose you will use a different name for the salvage dealership other than that used in your primary registration.If you are a foreign company, you must apply for a certificate of authority to conduct business in the state. A certificate of organization, incorporation, or partnership proves that you have registered your business with the Texas Secretary of State (SOS).You must register your business and provide the following documents as proof:.If you want to get a used car dealer (GDN) license, you must purchase a 2-year Texas auto dealer surety bond worth $25,000.Without an NMVTIS registration number, the TxDMV will not issue you with a salvage license. Department of Justice can track your transactions. This system enables you to report your motor vehicle records and ensures that the U.S. You must visit the National Motor Vehicle Title Information System (NMVTIS) and register your business.You must check with concerned authorities before making a license application. Your business must be in line with the local government, city, county, and state laws for you to obtain and maintain a salvage dealer license.Moreover, you must have an office where you will keep the motor vehicle records. The business location must have a sign indicating the type of business. ![]() You cannot operate your business elsewhere.
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