Texas Annual Report Requirements for LLCs and Corporations
Texas does not require most LLCs and for-profit corporations to file a traditional annual report with the Secretary of State. Instead, these businesses generally meet their annual reporting obligations through the Texas Comptroller of Public Accounts.
What many business owners call a Texas annual report is usually the Public Information Report associated with the state’s franchise tax system. Depending on its annualized total revenue, a business may also need to file a Texas franchise tax report and pay franchise tax.
These filings help the state maintain current ownership and management records while determining each entity’s franchise tax obligations. Filing on time helps protect the company’s active status and ability to conduct business in the state.
What Is the Texas Public Information Report?
The Texas Public Information Report, or PIR, provides current information about the people who own or manage a taxable entity. Texas corporations, LLCs, limited partnerships, professional associations, and financial institutions generally file Form 05-102 each year.
The report may request information about a company’s:
- Officers and directors
- LLC members or managers
- Mailing address
- Principal office
- Principal place of business
- Entities that own at least 10% of the company
- Entities in which the company owns at least 10%
The information should reflect the company’s management as of the filing date. After processing the PIR, the Comptroller sends management information to the Texas Secretary of State (SOS). Some of this information becomes available through state business-record databases.
The Public Information Report is due on the same date as the annual franchise tax report. Businesses can submit the report online through the Comptroller’s Webfile system, utilize a trusted filing service, or send it by mail.
Texas Franchise Tax Requirements
Many Texas LLCs and corporations must file a Public Information Report each year, but only businesses above the no-tax-due threshold must also file a franchise tax report.
For the 2026 report year, the no-tax-due threshold is $2.65 million:
- Businesses with annualized total revenue of $2.65 million or less generally file only the Public Information Report. They do not owe franchise tax.
- Businesses with annualized total revenue above $2.65 million file the Public Information Report and a franchise tax report. They must also pay any tax due.
Businesses required to submit a Texas franchise tax report can use one of two forms. Qualifying businesses with annualized total revenue of $20 million or less may use the simplified E-Z Computation Report. Businesses that do not use this option file the Long Form.
Texas previously required businesses below the no-tax-due threshold to submit a No Tax Due Report. The state discontinued that form beginning with the 2024 report year.
When Are Texas Annual Reports Due?
The Public Information Report is due by May 15 each year. Businesses required to file a franchise tax report must submit it by the same deadline.
If May 15 falls on a weekend or legal holiday, the deadline to file annual reports in Texas moves to the next business day. A new business generally files its first Public Information Report on May 15 of the year after it is formed.
What Happens If a Business Does Not File?
Missing a required corporate or LLC annual report in Texas can cause a business’s franchise tax account to become delinquent. Unpaid tax may also result in penalties and interest.
Continued noncompliance can lead to the forfeiture of the company’s right to conduct business in Texas. Tax forfeiture can affect the company’s ability to obtain proof of good standing, sue or defend itself in a Texas court, or complete transactions that require active status.
To reinstate an entity after tax forfeiture, the business generally must:
- File all delinquent franchise tax and information reports
- Pay outstanding taxes, penalties, and interest
- Obtain a tax-clearance letter from the Comptroller
- Submit an application for reinstatement to the Secretary of State
- Pay the applicable reinstatement fee
Texas does not impose a time limit for reinstatement after a tax forfeiture, provided the entity would otherwise continue to exist.
How to Maintain Compliance and Good Standing
Businesses must continue meeting their state filing, tax, and administrative obligations to maintain good standing.
Use these practices to reduce the risk of missed filings:
- Mark the May 15 deadline on the company calendar
- Keep officer, director, member, and manager information current
- Maintain an active registered agent and valid registered office
- Monitor notices from the Comptroller and Secretary of State
- Review annualized revenue before choosing a franchise tax form
- File the PIR even when no Texas franchise tax filing or payment is required
- Check the company’s franchise tax account status after filing
- Keep copies of reports, confirmations, and payment records
Texas offers an online Franchise Tax Account Status Search. A company that needs formal proof of its Secretary of State status can request a Certificate of Fact – Status, which serves as the Texas equivalent of a certificate of good standing.
File Your Texas Annual Report With Confidence
FastFilings can help you prepare and submit your Texas Public Information Report accurately and on time. Our streamlined filing process helps you avoid missed deadlines, incomplete information, and preventable compliance problems. Get started today to keep your Texas LLC or corporation current with its annual reporting obligations.
Frequently Asked Questions
Does Texas require an annual report for an LLC?
Texas LLCs generally must file a Public Information Report each year with the Texas Comptroller. An LLC with annualized total revenue above the applicable no-tax-due threshold must also file a Texas franchise tax report.
Is an annual report mandatory for an LLC?
Yes. Most LLCs must file an annual Public Information Report with the Texas Comptroller.
Do I need to renew my LLC in Texas every year?
You do not need to recreate or formally renew your Texas LLC each year. However, you must complete required Texas LLC annual filings, maintain a registered agent, and satisfy applicable tax obligations. Failure to do so can cause the LLC to lose its active status.
Does an LLC have to file a tax return in Texas?
It depends on the LLC’s revenue. For the 2026 report year, an LLC with annualized total revenue above $2.65 million generally must file a Texas franchise tax report. An LLC at or below that threshold generally files only a Public Information Report. Federal tax-return requirements are separate.