Texas Annual Report: Complete Filing Guide & Requirements
Texas business entities have unique compliance requirements that differ significantly from traditional annual report systems. With Palm’s professional filing service, you can ensure compliance while focusing on growing your business.
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Texas Annual Report Requirements
Unlike most states, Texas does not require LLCs or corporations to file traditional annual reports with the Secretary of State. Instead, these entities file franchise tax reports with the Texas Comptroller of Public Accounts, which include a Public Information Report (PIR) component. This combined process helps the state collect tax data while maintaining updated business records.
The franchise tax system reflects Texas’s business-friendly approach — minimizing paperwork while ensuring key information stays current with the state.
Who Must File Reports in Texas?
LLCs – Texas and foreign LLCs do not file annual reports with the Secretary of State but must file a franchise tax report (including PIR) with the Comptroller by May 15 each year.
Corporations – Texas and foreign corporations also file franchise tax reports with the Comptroller by May 15. No separate annual report is required.
LLPs – Limited liability partnerships must file a traditional annual report with the Secretary of State by June 1.
Nonprofits – May have separate reporting requirements. It’s important to check directly with the state for specific obligations.
Filing Deadlines for Texas Business Entities
LLCs and Corporations
Franchise tax report due by May 15 annually.
LLPs
Annual report due by June 1 each year.
Newly Formed Entities
Typically file their first report by May 15 of the year after formation.
Missing deadlines can result in penalties, interest, or even forfeiture of the right to conduct business in Texas.
Texas Filing Fees and Franchise Tax
LLCs & Corporations
No fee for the report itself, but businesses may owe franchise tax based on revenue. Many small businesses qualify for no tax due.
LLPs
Must pay an annual report filing fee to the Secretary of State. The amount varies and should be verified through the state portal.
There’s no separate fee for the Public Information Report — it’s included with the franchise tax filing.
Step-by-Step Texas Franchise Tax Report Process
Step 1
Gather Information – You’ll need your entity name, 11-digit Taxpayer Number, registered agent details, principal office address, names of business officers or partners, and your 6-digit RT or XT WebFile number listed on your Franchise Tax notice.
Step 3
File Online with the Comptroller – Use the official portal at comptroller.texas.gov.
Step 5
Submit and Save Confirmation – Even if you owe no tax, your report must be filed on time to avoid penalties.
Step 2
Calculate Tax Liability – Based on Texas thresholds. For 2025, if your company made less than $2,470,000 in total revenue last year, you don’t have to pay tax — but you must still file.
Step 4
Complete the Franchise Tax + PIR – Both reports are submitted together in one process.
Step 1
Gather Information – You’ll need your entity name, 11-digit Taxpayer Number, registered agent details, principal office address, names of business officers or partners, and your 6-digit RT or XT WebFile number listed on your Franchise Tax notice.
Step 2
Calculate Tax Liability – Based on Texas thresholds. For 2025, if your company made less than $2,470,000 in total revenue last year, you don’t have to pay tax — but you must still file.
Step 3
File Online with the Comptroller – Use the official portal at comptroller.texas.gov.
Step 4
Complete the Franchise Tax + PIR – Both reports are submitted together in one process.
Step 5
Submit and Save Confirmation – Even if you owe no tax, your report must be filed on time to avoid penalties.
LLPs should file their annual report directly through the Texas Secretary of State’s site.
What Happens If You Miss the Pennsylvania Annual Report Deadline
Franchise Tax (LLCs/Corporations)
Late filing may result in penalties, interest, and loss of good standing.
LLP Annual Report
Late filings can trigger fees and administrative consequences.
Prolonged Non-Compliance
Can lead to forfeiture of the entity’s legal ability to operate in Texas.
Why Choose Palm for Texas Business Compliance
Franchise Tax Expertise
We simplify a process that can be confusing, especially for new or out-of-state businesses.
Full Report Management
We handle the tax calculation, PIR, and timely submission for you.
Deadline Tracking
Whether you’re filing by May 15 (LLC, Corporation) or June 1 (LLP), Palm keeps your business on schedule.
Ready to file your Texas Annual Report?
Palm makes compliance easy with automated filing, expert review, and ongoing support. Join thousands of Texas businesses who trust Palm for their compliance needs.
File now+ state fees apply.
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Do Texas LLCs file an annual report?
No. LLCs in Texas file a franchise tax report and Public Information Report with the Comptroller — not a traditional annual report with the Secretary of State.
What’s the Texas franchise tax report deadline?
May 15 each year for most entities, including LLCs and corporations.
How much does it cost?
There is no fee for filing the report itself, but franchise tax may be due based on your revenue. LLPs have a separate filing fee with the Secretary of State.
Do I have to file if my business made no money?
Yes. Even if no franchise tax is due, Texas requires businesses to submit the report annually.
Where do I file the Texas franchise tax report?
Online at the Texas Comptroller of Public Accounts website.
Need help managing Texas filings?
Palm’s expert support ensures your reports are filed correctly and on time — with no surprises.
