The Annual Filing Requirements for Texas Businesses

What Filings Must Corporations, LLCs and LLPs Submit Every Year?

In most states, business entities such as corporations and limited liability companies (LLCs) must file annual information reports to demonstrate that they remain in good standing. These reports tend to be almost entirely informational, providing the name of the company, its principal address, the names of officers and directors, as well as the name of the registered agent.

What Annual Reports Must Businesses File in Texas?

In Texas, corporations (either S or C corporations) and LLCs are not required to submit an annual information report, unless the business qualifies as a franchise. Under Texas law, any company (including corporations, LLCs and LLPs) with a taxable income in excess of $1,180,000 will be required to file a franchise tax report and potentially pay a franchise tax.

Limited liability partnerships (LLPs) must file an annual report. All businesses other than corporations, LLCs and LLPs must file an annual “ownership information report,” or OIR. Limited partnerships are only required to submit a report every four years, but professional associations must also file an annual report.

What Information Must Be Included in a Texas Franchise Tax Report?

Business entities subject to the Texas franchise tax must file an annual “public information report,” or PIR, with current and accurate descriptions of:

• The name and mailing address of the business, along with its tax identification number
• The business’s principal place of business, as well as the location of its main offices
• The name and mailing address of the designated registered agent for the business
• The names of all officers, directors, general partners, managers of members of the business
• Whether the business has subsidiaries or parent companies, and, if so, relevant information about those entities

Contact MCIS Law

At MCIS Law, PLLC, in Stafford, we provide comprehensive counsel to businesses and business owners throughout southeast Texas, handling all matters related to corporate governance, including the filing of all required documents annually with the state of Texas. For a confidential consultation with an experienced and knowledgeable lawyer, email us or call our office at (346) 297-0121. We accept all major credit cards.