In the state of Texas you are required to file a DBA also known as an assumed name in every county in which you are doing business. If the business is incorporated you can file with the county in which doing business but it is not necessary; you are suppose to file with the secretary of state. Most banks require you to file a DBA to open a business account.
A DBA is good for 10 years from the date of filing or the dates that are specified in the appropriate space. The clerk has no duty to notify the parties of the expiration date.
It is not necessary to abandon a business if business is closing. It will terminate by law in 10 years from date of filing. If there are more than one owner on the DBA all owners need to sign.
Withdrawal of DBA
A withdrawal is filed if one or more of the parties doesn't want to be a part of the business any longer.
Going out of business sale
A person must file an original inventory (detailed) with a fee to the clerk. The clerk will then issue a permit for the sale which is valid for 120 days. The permit is not renewable. Before the end of each 30 day period the permit holder shall file a sale inventory containing a detailed list of goods that haven't been sold from the original inventory list. Within 30 days after the sale ends the permit holder shall file a final inventory with no additional fee.