In Short: Does a Texas LLC File an Annual Report?
Not with the Secretary of State. A Texas LLC files its yearly report with the Texas Comptroller of Public Accounts instead: a Franchise Tax Report plus a Public Information Report, both due May 15.
- Who files: every Texas LLC and every foreign LLC doing business in Texas.
- Due date: May 15 each year, starting the year after the LLC becomes subject to the tax.
- Fee: the Public Information Report has no fee. LLCs with revenue at or below $2.65 million owe no franchise tax for 2026 and 2027 reports.
- Late penalty: $50 for each late report, even when no tax is due.
- If you never file: the LLC loses its right to transact business, and the Secretary of State can forfeit its registration. Reinstatement goes through Form 801 for $75.
Texas is a no-annual-report state for LLCs in the narrow sense: the Secretary of State does not collect one. Its formation FAQ explains that only certain entity types file periodic reports with the Secretary of State, and that LLCs file annually with the Comptroller of Public Accounts.
That annual Comptroller filing is the Texas equivalent of an annual report, and missing it has the same result as missing an annual report elsewhere. This guide covers who files, the May 15 deadline, the no tax due threshold, what the Public Information Report asks for, how to file, and how to fix a forfeited LLC.
Texas LLC Annual Report at a Glance
| Official name | Franchise Tax Report and Public Information Report (Form 05-102) |
|---|---|
| Filed with | Texas Comptroller of Public Accounts |
| Who files | Every Texas LLC and every foreign LLC doing business in Texas |
| Filing cycle | Every year |
| Due date | May 15 (next business day if it falls on a weekend or holiday) |
| Fee | No fee for the Public Information Report. No franchise tax due at or below $2.65 million in revenue |
| Late fee or penalty | $50 per late report, plus 5% or 10% of any tax paid late |
| Reinstatement | File all reports, pay all tax, then Form 801 with the Secretary of State for $75 |
| Where to file | Comptroller Webfile, by mail, or with approved software |
Does a Texas LLC Need to File an Annual Report?
Not with the Texas Secretary of State. Every Texas LLC files two documents with the Comptroller each year instead: the Franchise Tax Report and the Public Information Report, known as the PIR. LLCs file the PIR, Form 05-102. Some other entity types file an Ownership Information Report instead.
The Comptroller discontinued the No Tax Due Report starting with 2024 reports, according to its No Tax Due Report update. An LLC whose annualized total revenue is at or below the no tax due threshold now owes no tax and files only the PIR.
When Are the Texas Franchise Tax Report and PIR Due?
Both are due May 15 each year. If May 15 falls on a weekend or holiday, the due date moves to the next business day.
The first report is due May 15 of the year after the LLC becomes subject to the tax. The Comptroller’s example: an entity that became subject to the tax in 2025 files its first report by May 15, 2026. That first report covers the period from the date the LLC became subject to the tax through its last federal tax year end in that calendar year.
- A Texas LLC formed on March 10, 2026 files its first report by May 15, 2027.
- A Delaware LLC that registered to do business in Texas in September 2026 also files its first Texas report by May 15, 2027.
How Much Does the Texas Annual Filing Cost?
The PIR has no filing fee. Whether the LLC owes franchise tax depends on its revenue. According to the Comptroller’s franchise tax page, the no tax due threshold is $2.65 million for 2026 and 2027 reports. An LLC at or below it owes no tax.
Above the threshold, the rates for 2026 and 2027 reports are 0.375 percent for retail and wholesale businesses and 0.75 percent for other businesses. LLCs with total revenue up to $20 million can use the EZ Computation at 0.331 percent. An LLC above the threshold whose calculated tax is under $1,000 still files the Franchise Tax Report but owes no tax.
What Information Does the Texas Public Information Report Ask For?
The PIR lists the names and addresses of the LLC’s officers, directors and managers as of the filing date, and it must be signed. The Secretary of State’s FAQ notes that registered agent and registered office changes cannot be made on the PIR. Those changes are filed separately with the Secretary of State.
For the Franchise Tax Report itself, the LLC reports its accounting period and total revenue, and above the threshold it calculates the tax on the EZ Computation or the Long Form.
How to File the Texas Franchise Tax Report and PIR: Step by Step
- Find your Texas taxpayer number and Webfile number. The Comptroller assigns them once the LLC is registered.
- Gather your revenue figure. Use the LLC’s total revenue for the accounting period on its federal return.
- Log in to Webfile. Open it from the Comptroller’s franchise tax page.
- Complete the Public Information Report. List the officers, directors and managers with their addresses, and sign it.
- File the Franchise Tax Report if required. LLCs at or below $2.65 million file only the PIR. Others choose the EZ Computation or the Long Form.
- Pay any tax and save the confirmation. File by May 15 to avoid the $50 late filing penalty.
What Happens If a Texas LLC Misses May 15?
The Comptroller charges a $50 penalty on each report filed after the due date, even when no tax is due. Tax paid 1 to 30 days late carries a 5 percent penalty, and tax paid more than 30 days late carries 10 percent. Interest starts 61 days after the due date.
An LLC that still does not file forfeits its right to transact business in Texas. The Comptroller’s account status page explains that forfeiture happens at least 45 days after a notice of pending forfeiture is mailed. A forfeited LLC cannot sue or defend itself in a Texas court, and its officers, managers and members can become personally liable for certain LLC debts. Failing to file a signed PIR is enough on its own to cause forfeiture. The Secretary of State can then forfeit the LLC’s certificate of formation or registration.
Reinstating a forfeited Texas LLC
The Comptroller’s reinstatement page lays out the order:
- File every delinquent Franchise Tax Report and PIR.
- Pay all tax, penalties and interest owed.
- Request a tax clearance letter (Form 05-377) through Webfile, two to three business days after paying.
- File Form 801, Application for Reinstatement and Request to Set Aside Tax Forfeiture, with the Secretary of State. The fee for an LLC is $75.
Texas Tips for Non-Resident Owners
Owners outside Texas miss the PIR because nothing in the name says “annual report.” Put May 15 in your calendar every year, file the PIR even when the LLC owes no tax, and keep the officer and manager addresses on it current, since the Comptroller sends forfeiture notices by mail.
Keep Your Texas LLC in Good Standing
A Texas LLC stays in good standing when its Franchise Tax Report and PIR are filed on time and its right to transact business is active with the Comptroller. For the full picture of what the state charges each year, see our breakdown of Texas LLC costs, and if you have not formed the company yet, start with our guide on how to start an LLC in Texas.
Most missed filings trace back to one problem: the state’s reminder went to an old address. A registered agent service that scans and forwards state mail closes that gap. If a deadline has already passed, our guide on what happens when you miss an annual report deadline walks through the fix, and our LLC annual report guide for every state covers the rules in other states where you are registered.
Form Your Texas LLC With BusinessAnywhere
BusinessAnywhere forms your Texas LLC for $0 plus the state filing fee, includes a free first year of registered agent service so state notices reach you, and gets the EIN for non-residents without a Social Security number for $97.
Frequently Asked Questions
Does a Texas LLC file an annual report with the Secretary of State?
No. Texas LLCs file their yearly report with the Comptroller of Public Accounts: the Franchise Tax Report and the Public Information Report, both due May 15.
When is the Texas franchise tax report due?
May 15 each year, or the next business day if May 15 falls on a weekend or holiday. The first report is due May 15 of the year after the LLC becomes subject to the tax.
Does a small Texas LLC have to pay franchise tax?
Not if its revenue is at or below the no tax due threshold, which is $2.65 million for 2026 and 2027 reports. It still files the Public Information Report.
Is there a fee for the Texas Public Information Report?
No. The PIR has no filing fee, but filing it late triggers the $50 late filing penalty.
What is the penalty for filing the Texas franchise tax report late?
$50 for each late report, even with no tax due. Late tax adds a 5 percent penalty if paid 1 to 30 days late and 10 percent after 30 days.
How do I reinstate a forfeited Texas LLC?
File all missing reports, pay the tax owed, get a tax clearance letter from the Comptroller, then file Form 801 with the Secretary of State with the $75 fee.
This guide summarizes rules published by the Texas Comptroller of Public Accounts, the Texas Secretary of State and Texas law as of October 2026. It is general information, not legal or tax advice. Fees and forms change, so confirm the current figures on the official site before you file.
