Annual reports filed with the Secretary of State in Texas are formal documents that provide important information about a business's activities, financial health, and ownership structure. These reports are required by law and serve as a way for businesses to maintain compliance with state regulations and keep stakeholders informed about their operations.
There are 3 different ways to file an annual report in Texas depending on your legal entity type and tax classification. Follow the guide below to help you file your annual report with the Secretary of State in Texas or use Mosey to do it.
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Texas Periodic Report for Corporation
Nonprofits that transact business in Texas are required to file a Periodic Report (Form 802) when requested by the Secretary of State once every four years. Note: The notice to file a Periodic Report will indicate the date it is due. Nonprofits can voluntarily file a periodic report even when not requested by the Secretary of State, but this does not relieve them of the obligation to file when officially requested. The filing fee is $5.
Complete Periodic Report
Download and complete the Period Report form.
File Your Periodic Report
Mail your completed report and filing fee to the Secretary of State.
Texas Franchise Tax Annual Report for LLC, LLP, Corporation
The Texas franchise tax is imposed on each taxable entity doing business in Texas. Each taxable entity must file a Franchise Tax Report (No Tax Due, EZ Computation or Long Form) and an Information Report (Public Information Report or Ownership Information Report) by May 15 each year. If May 15 falls on a Saturday, Sunday, or legal holiday, the next business day becomes the due date. The Comptroller's office will grant a request to extend the filing deadline if the request is submitted or postmarked on or before the due date of the original report. Note: Nonprofits that are exempt from Texas franchise tax do not need to file a public information report but may be required to file a periodic report.
Request an Extension of Filing Deadline
If you require an extension, the Comptroller’s office will tentatively grant an extension of time to file a franchise tax report upon timely receipt of the appropriate form. The form must be received or postmarked on or before the due date of the original report. This form can be filed online.
Calculate Franchise Tax Due
The Franchise tax is based on a taxable entity’s margin. Unless a taxable entity qualifies and chooses to file using the EZ computation, the tax base is computed in one of the following ways: (a) Total revenue times 70%, (b) Total revenue minus cost of goods sold, (c) Total revenue minus compensation, or (d) Total revenue minus $1 million. An entity with zero Texas gross receipts or has total annualized revenue less than or equal to the No Tax Due Threshold can file a No Tax Due Report. Note: The No Tax Due Threshold is $1,230,000 for the 2022 and 2023 report years, and $2,470,000 for the 2024 report year.
File Completed Franchise Tax Report Online
Use your Texas taxpayer ID number and Webfile number to file your completed report online. Reports can also be filed by sending them via physical mail to the Texas Comptroller of Public Accounts.
Texas Annual Report for LLP
As a Limited Liability Partnership (LLP), you must file an Annual Report of a Limited Liability Partnership (Form 713) with the Texas Secretary of State by June 1 every year. Note: The first annual report is due the year following registration with the Secretary of State.
File Annual Report
File your completed Annual Report of a Limited Liability Partnership (Form 713) and pay the filing fees with the Texas Secretary of State by mail.
What else do I need to know?
There may be additional things you will need to do to maintain your "good standing" in the state including having a registered agent and other kinds of taxes.
Maintaining a Registered Agent
Most states require that you have a registered agent that can receive important mail from the Secretary of State should they need to contact you. There are many commercial options available or you can use Mosey to be your registered agent and keep your information private in Texas.
Other Taxes
In addition to maintaining a registered agent, maintaining your good standing can include additional taxes. This can include franchise tax, sales tax, or other state taxes. You can use Mosey to identify these additional requirements to maintain good standing in Texas.
