Texas business laws businesses are regulated through a combination of federal state and local laws for instance states sometimes implement a higher minimum wage than the national standard or offer more protections for employees business laws may include restrictions on deceptive business practices securities fraud environmental regulations such as air and water cleanliness standards insurance and liability and contracts texas employment discrimination law for instance protects . Information on business identity theft the corporations section is responsible for the receipt filing and permanent maintenance and retention of documents that create or affect business organizations and non profit entities under the following texas statutes assumed business or professional name act business organizations code finance code chapters 62 92 201