Texas: annual report deadlines, fees and closing a business
For LLCs and corporations registered in Texas. Facts last verified against the official pages linked below.
Find my exact due date File on the official Texas site
At a glance
| Entity | Annual report due | Fee | Late |
|---|---|---|---|
| LLC (franchise tax report + Public Information Report) | May 15 each year (next business day if May 15 is a weekend or holiday). First report: the year after becoming subject to the tax, per the Comptroller FAQ (seen in a search excerpt of the official page) | No filing fee stated on the pages read. Franchise tax rates for report years 2026 and 2027: 0.75% (0.375% retail or wholesale) of taxable margin; no tax due at or below $2,650,000 annualized total revenue, but the Public Information Report is still due | $50 penalty for each report filed after the due date; 5% penalty if tax is paid 1-30 days late, 10% if more than 30 days late; interest on past-due tax begins 61 days after the due date |
| Corporation (franchise tax report + Public Information Report) | May 15 each year (next business day if May 15 is a weekend or holiday). First report: the year after becoming subject to the tax, per the Comptroller FAQ (seen in a search excerpt of the official page) | No filing fee stated on the pages read. Same franchise tax rates and no-tax-due threshold as LLCs for report years 2026 and 2027 | $50 penalty for each report filed after the due date; 5% penalty if tax is paid 1-30 days late, 10% if more than 30 days late; interest on past-due tax begins 61 days after the due date |
LLC (franchise tax report + Public Information Report)
- Due: May 15 each year (next business day if May 15 is a weekend or holiday). First report: the year after becoming subject to the tax, per the Comptroller FAQ (seen in a search excerpt of the official page).
- Fee: No filing fee stated on the pages read. Franchise tax rates for report years 2026 and 2027: 0.75% (0.375% retail or wholesale) of taxable margin; no tax due at or below $2,650,000 annualized total revenue, but the Public Information Report is still due.
- Late: $50 penalty for each report filed after the due date; 5% penalty if tax is paid 1-30 days late, 10% if more than 30 days late; interest on past-due tax begins 61 days after the due date.
- If you miss it: The entity may forfeit its right to transact business in Texas: it loses the right to sue or defend in Texas courts and officers, directors, members or owners can become personally liable for certain debts (Comptroller PIR/OIR page).
- To close it: not yet researched.
Sources: TX Comptroller: franchise tax · TX Comptroller: PIR and OIR filing requirements · TX Comptroller: franchise tax FAQ search excerpt · TX Comptroller: extensions of time to file search excerpt · verified 2026-10-17
Corporation (franchise tax report + Public Information Report)
- Due: May 15 each year (next business day if May 15 is a weekend or holiday). First report: the year after becoming subject to the tax, per the Comptroller FAQ (seen in a search excerpt of the official page).
- Fee: No filing fee stated on the pages read. Same franchise tax rates and no-tax-due threshold as LLCs for report years 2026 and 2027.
- Late: $50 penalty for each report filed after the due date; 5% penalty if tax is paid 1-30 days late, 10% if more than 30 days late; interest on past-due tax begins 61 days after the due date.
- If you miss it: Same forfeiture of the right to transact business as LLCs if the report or the Public Information Report is not filed.
- To close it: not yet researched.
Sources: TX Comptroller: franchise tax · TX Comptroller: PIR and OIR filing requirements · TX Comptroller: franchise tax FAQ search excerpt · verified 2026-10-17
Good to know
Extension available.
A timely extension payment or request gives an extended due date of November 15 (extension payment must be at least 90% of the tax due, or 100% of the prior year's tax if the prior report was filed on time and it is not the first report).
Source: TX Comptroller: extensions of time to File search excerpt · verified 2026-10-17
Filing is required even at zero tax.
An entity at or below the no-tax-due threshold files no franchise tax report for report year 2024 and later, but must still file the Public Information Report (corporations, LLCs, LPs) or Ownership Information Report (other entities) by the same due date.
Source: TX Comptroller: PIR and OIR filing requirements · verified 2026-10-17
Texas has no separate annual report to the Secretary of State on the pages read.
The Public Information Report is filed with the Comptroller and forwarded to the Secretary of State. Any Secretary of State annual-report requirement: not yet researched.
Source: TX Comptroller: PIR and OIR filing requirements · verified 2026-10-17
Texas business taxes
We have not compiled Texas business tax thresholds or due dates yet. Start at Texas Comptroller of Public Accounts, Franchise Tax. This page covers annual report or periodic filing rules only; tax details are not yet researched.
Closing a Texas business
Texas closing steps: not yet researched. The federal steps are on the closing checklist. For state steps, start at Texas Comptroller of Public Accounts (franchise tax and information reports).
Not yet researched for Texas
- Secretary of State filings
- direct Webfile login URL
- closing/Certificate of Account Status steps (final report rule seen on the franchise page only)
- fees for filing
These items are left out on purpose until they can be confirmed on an official page.
Official links
- Texas Comptroller of Public Accounts (franchise tax and information reports)
- Comptroller Webfile (linked from the franchise tax page)
- Texas Comptroller of Public Accounts, Franchise Tax
Beware of mail asking you to pay to file your annual report: see scam mailers.