FAQs
How to File an Annual Report for an LLC in Texas?
Filing an annual Texas LLC report is part of staying in compliance with state regulations. Texas LLCs don't file a typical annual report but must file a Texas Franchise Tax Report with the Texas Comptroller of Public Accounts annually. Here's how to do it properly:
1. Determine Your Filing Requirements
Texas LLCs have to submit a Franchise Tax Report if they earn revenue. But most small businesses can take advantage of a No Tax Due Report if their overall revenue falls under the level established by the state (revamped every year).
2. Collect Required Info
You will need to submit the following in order to file your report:
- Your LLC's Taxpayer Number, as given by the Texas Comptroller.
- Your overall revenue from the last tax year.
- The Public Information Report (PIR), includes principal business information.
3. File Online or by Mail
You can file the Franchise Tax Report electronically using the Texas Comptroller's Webfile system or by paper forms by mail. The deadline is May 15 every year. Penalties will be charged if not filed on this date.
4. Pay Any Tax or Fees Owed
If your LLC has tax due on franchise tax, it can be paid online or by check. The amount of tax will be based on your revenue and business activity.
5. Confirm Compliance
Upon filing, keep copies of your filing confirmation to avoid compliance issues.
By meeting such obligations, your Texas LLC remains in good standing and avoids penalties, with One IBC USA providing reliable support for compliance.