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Since you have the experience and thorough knowledge of consumer and third
party collections, and seem to love the business, you are indeed on the right
track to think of establishing your own collection agency. Of course, you can
start on a smaller scale by operating a collection office within the limits of
the City or County where you are located. Then, as the business improve you can
expand Statewide and maybe later, on a nationwide scale.
We found web sites where you may check all the Credit and Collection Laws in
Texas. And best of all, we suggest that you consult a lawyer before you start on
your own. There may be some legal items that you may have to discuss with a
to help and protect you and your future operation.
We also suggest that you check out the business division at your City Hall
and inquire about the legal requirements of operating a collection agency like
Here are web sites that may help you: http://www.lawdog.com/states/tx/st1.htm
the PowerHomeBiz.com Guide:
Nach Maravilla is
the Publisher of Power Homebiz Guides. He has over thirty years
experience in sales and marketing of various products, which
covered as he jokingly describes, "from toothpicks to
airplanes" He also had extensive experience in
International trading and he always excelled in special promotional
ideas for retail outlets.
The opinions expressed in this column are
those of the author, not of PowerHomeBiz.com.
should not treat the Guide's response as legal, accounting, or
professional advice as all answers are intended to be general in
nature. Such advice can only be properly given by qualified
professionals who are fully aware of a user's specific geographical areas or circumstances, such
as an attorney or accountant.