This guide is general compliance education. It is not legal, tax, or accounting advice. Confirm requirements, amounts, and deadlines with the Texas Comptroller, and talk to a qualified tax adviser if your revenue is near the threshold or you're part of a combined group. Startup To Corporate does not file Texas franchise tax reports or PIRs for you, and it does not act as your registered agent.
Steps at a glance
- Confirm the filing is yours. Texas LLCs and corporations, and out-of-state entities with Texas nexus, file with the Comptroller.
- Find your first report year. It's May 15 of the year after the entity became subject to franchise tax.
- Check your revenue against the threshold. For 2026 reports it's $2.65 million.
- File the PIR every year, whether or not you owe tax.
- File through Webfile (or the Comptroller's PDF forms) by May 15.
- Put May 15 on your calendar for next year.
Who must file
The Texas franchise tax is a tax on taxable entities, and the PIR is how the Comptroller keeps your public entity information current. According to the Comptroller, each taxable entity "legally formed as a corporation, limited liability company, professional association, limited partnership or financial institution files a public information report (PIR)."
Typically must file:
- Domestic Texas LLCs and corporations. Formed in Texas.
- Foreign (out-of-state) LLCs and corporations with Texas nexus. The Comptroller's PIR page covers entities "organized in Texas or [that have] nexus in Texas."
Exceptions the Comptroller lists: on its PIR/OIR requirements page, the Comptroller says entities that qualify as passive and "qualifying new veteran-owned businesses during their initial five-year period" don't file a PIR or OIR. If you think one of these applies, confirm it on the Comptroller's site before you skip a filing.
LLC vs. corporation: The requirement is the same for LLCs and corporations: the same report, the same May 15 date, and the same threshold. Associations, trusts, and some other entity types file an Ownership Information Report (OIR) instead of a PIR.
Texas's filing doesn't replace filings in other states where you're registered. For every state's deadline in one place, see Coverage.
When it's due
Annual due date: The Comptroller says the annual franchise tax report "is due May 15. If May 15 falls on a weekend or holiday, the due date will be the next business day." The PIR "is due on the annual franchise tax report due date."
Texas uses one statewide date, which makes it different from anniversary-month states like Utah. Every Texas LLC, whenever it was formed, works toward the same May 15.
First report: An entity files its first annual report "on May 15 of the year following the year the entity became subject to the tax." For most new LLCs, that's the year after formation.
Worked example (illustrative only): You form a Texas LLC on August 3, 2026. It becomes subject to franchise tax in 2026, so its first franchise tax report and PIR are due May 15, 2027. After that, they're due every May 15. If May 15 falls on a weekend or holiday that year, the deadline moves to the next business day.
Fee, tax, and what happens if you miss it
Filing fee: None. Texas charges no fee to file the franchise tax report or the PIR.
The tax itself: franchise tax is owed only above the no-tax-due threshold. The Comptroller states: "The no tax due threshold for the 2026 report is $2.65 million." (the same threshold applies to 2027 reports) Entities above the threshold compute tax on the Comptroller's forms. Rates and calculation methods are on the Comptroller's franchise tax page. We don't summarize them here, because which method applies depends on your business.
Late filing: according to the Texas Comptroller: "A $50 penalty is assessed on each report filed after the due date. If tax is paid 1-30 days after the due date, a 5 percent penalty is assessed; over 30 days, 10 percent. Past due taxes are charged interest beginning 61 days after the due date."
Need more time? You can request an extension from the Comptroller. See Request an Extension.
Missing the PIR: this one surprises small LLCs. The Comptroller warns that even if you're at or below the threshold, "your entity may forfeit its right to transact business if you fail to file a completed and signed PIR or OIR." The Comptroller says the effects of forfeiture include losing the right to sue or defend in a Texas court, and owners and officers can become personally liable for certain entity debts. If you get a forfeiture notice, the Comptroller's site explains how to bring the account current.
For why staying current matters for banking, contracts, and lenders, see Certificate of good standing.
How to file (official channels only)
- Get your Webfile access. Webfile is the Comptroller's online filing system. You'll need your entity's Texas taxpayer number.
- Determine your annualized total revenue for the report's accounting period.
- At or below $2.65 million (2026 reports): file only the PIR (or OIR). The Comptroller says the No Tax Due Report "is not available for 2026 reports."
- Above the threshold: file the franchise tax report (the E-Z Computation or the Long Form, whichever applies to you) and pay any tax due. File your PIR too.
- Review the PIR details. It lists officers, directors, or managers, plus your registered agent and office. An officer, director, or other authorized person must complete and sign it.
- Save your confirmation.
If you can't use Webfile, the Comptroller's 2026 franchise tax forms page has PDF versions. Mailed reports count as on time when postmarked on or before the due date.
Texas-specific gotchas
- Looking for an annual report at the SOS. Texas LLCs don't file one with the Secretary of State. The yearly filing goes to the Comptroller.
- Assuming "no tax" means "no filing." Below the threshold you skip the tax and the No Tax Due Report, but the PIR is still required.
- Using an old threshold. The threshold changes by report year, and older Comptroller examples cite earlier figures. For 2026 reports it's $2.65 million.
- A stale PIR. If your managers, officers, or registered agent changed, the PIR is where Texas sees it. Our Registered agent guide explains that role.
- Out-of-state LLCs with Texas nexus. Registering elsewhere doesn't take you off the Texas list.
Checklist and calendar tip
- Confirm the entity type and whether you have Texas nexus
- Find your first report year (the year after the entity became subject to tax)
- Have your Texas taxpayer number and Webfile login
- Calculate annualized total revenue and compare it with the threshold for the report year
- File the PIR (or OIR), signed by an authorized person
- If you're above the threshold, file the franchise tax report and pay
- Save the confirmation
- Add next May 15 to your calendar
Calendar tip: set a reminder for early April with a second one in early May. That leaves time to pull revenue figures and update PIR details before the deadline. Our Business compliance calendar shows how this fits with your other yearly dates.
What Texas requires, what STC reminds you about, and what you verify
| What Texas requires | A franchise tax report and PIR (or OIR) filed with the Comptroller by May 15, with tax only above the threshold |
| What STC reminds you about | Your May 15 date and first report year, tracked from your formation date |
| What you verify | Your revenue, the current threshold, your PIR details, and current amounts on comptroller.texas.gov |
The bottom line
Texas swaps the usual annual report for a Comptroller filing: the franchise tax report and a Public Information Report, due May 15. Most small LLCs fall under the $2.65 million threshold for 2026 reports and owe no tax, but they still file the PIR. Skipping it can cost the entity its right to do business in Texas.
Not sure what else your business owes this year? Check My Business Free to see your deadlines in one place. To read your results, see What does a business readiness score mean?. For next steps after formation, see What to do after you form an LLC, and for other states, see Annual reports.
Last verified: October 10, 2026.
Related next steps
Frequently asked questions
Does a Texas LLC have to file an annual report?
Not with the Secretary of State. Instead, Texas LLCs file a franchise tax report and a Public Information Report with the Texas Comptroller each year.
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 entity becomes subject to franchise tax.
What is the no-tax-due threshold for 2026?
$2.65 million in annualized total revenue for 2026 reports, according to the Comptroller (the same threshold applies to 2027 reports).
Do I still file if my LLC owes no franchise tax?
Yes. You don't file a No Tax Due Report, but you must still file the Public Information Report (or Ownership Information Report).
What is a Public Information Report?
Form 05-102, a yearly report to the Comptroller that lists the entity's officers, directors, or managers and its registered agent. It's due on the franchise tax due date, and it must be signed by an authorized person.
What happens if I file late?
According to the Texas Comptroller: "A $50 penalty is assessed on each report filed after the due date. If tax is paid 1-30 days after the due date, a 5 percent penalty is assessed; over 30 days, 10 percent. Past due taxes are charged interest beginning 61 days after the due date."
Where do I file?
With the Texas Comptroller of Public Accounts, online through Webfile or using the Comptroller's PDF forms. Startup To Corporate doesn't file for you.
Official sources
Requirements can change. Confirm details with the relevant agency.
This guide is general information, not legal, tax, or accounting advice. Requirements vary by jurisdiction and circumstances. Read our legal disclaimer.