Texas Annual Report

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All Texas business entities have some sort of annual report requirement. Businesses making over $2.65 million a year must file an Annual Franchise Tax Report with the Texas Comptroller of Public Accounts. Businesses making less than $2.65 million no longer need to file the franchise tax report, but they still have to file an annual report. All LLCs, corporations, and partnerships in Texas must file the Public Information Report. Other business entities file an Ownership Information Report.

You can follow this guide to file yourself or let us file your Texas Annual Report for you through our Texas Renewal Service.

Texas Annual Report Forms and Tax Rates

Information Required for your Annual Report

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Texas Annual Report FAQs

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Texas Annual Report Forms and Tax Rates

This chart breaks down the tax rates and required annual report forms for Texas businesses. The due date for all Texas annual reports is May 15. (If May 15th falls on a weekend, the due date will be the following business day.)

Business Type	Total Revenue	Tax Rate	Annual Report Form
LLCs, Corporations, LPs, PAs, & Financial Institutions	$0-$2,650,000	No Tax Due	ONLY Public Information Report (Form 05-102)
All entity types other than the ones listed above	$0-$2,650,000	No Tax Due	ONLY Ownership Information Report (05-167)
All Business Types	Greater than $2,650,000 but less than $20 million	0.331% of your total revenue	EZ Computation Report (05-169)
Retail or Wholesale	Greater than $20 million	0.375% of your total revenue	Texas Franchise Tax Report (05-158-A) – Long Form
Businesses other than retail or wholesale	Greater than $20 million	0.75% of your total revenue	Texas Franchise Tax Report (05-158-A) – Long Form
Late Fees: Texas Annual Reports filed after the May 15th due date are assessed a $50 late fee. Late tax payments are charged for 5% of the total tax due. Filings delinquent more than 30 days require an additional charge for 10% of the total penalty already assessed.

How to File Your Annual Report in Texas

All businesses can file their reports online or by mail. If your business earns over $2.65 million in revenue per year, filing your annual reports will be a bit more complicated and might require assistance from an attorney or CPA.

To File Online:

Go to the Franchise Tax page.
If you wish to file online, click webfile eSystems Login. If you wish you to file by mail, click Forms.
Enter your username and password. You can create an account by clicking Sign Up.
Once you’re successfully logged in, click WebFile/Pay Taxes and Fees.
If your taxpayer account is already listed on your profile, select the 11-digit taxpayer ID number listed next to your account. If your account is not listed, you can add it to your profile by typing in your 11-digit taxpayer number. Then, click on Continue. Note: If you need to find your taxpayer number, you can find it by searching the Texas Comptroller Business Database.
Select the tax form you need to file under the Franchise Tax menu. Businesses with less than $2.65 million in annual revenue select either File a Public Information Report (for LLCs, corporations, LPs, PAs, and financial institutions) or File an Ownership Information Report (all other taxable entities). Click Continue.
Select the report year.
Confirm that you’re eligible to file the Public Information Report or Ownership Information Report.
Answer the Additional Reports questions. If you are not familiar with one of the terms in a question, you can click Help for definitions.
Enter your SIC and NAICS codes. (If you don’t have these codes, you can leave these fields blank.)
Enter your accounting year beginning and end dates. (For calendar year taxpayers, the start date will be January 1st and the end date will be December 31st.)
Answer the qualification questions to confirm that you’re eligible to file the Public Information Report or Ownership Information Report. (The answer to at least one of the questions must be yes to qualify.)
Enter your business’s total revenue for the accounting year.
Verify that your mailing address is correct.
Update any incorrect information about your Principal Office, Officers, Directors, and Managers.
Click on the box next to the Declaration Statement to confirm that the information is accurate.
Review the information you’ve entered and make sure it’s accurate.
Select Submit Report.
Print or save your Confirmation Report for your records.

If you need additional help filing online, you can contact the Texas Comptroller’s office or check out the Comptroller website’s helpful Webfile video tutorials that will take you step by step through the process of creating a Webfile account and filing your taxes online.

To File By Mail:

On the state website, go to the Franchise Tax page.
To file by mail, click Forms.
Under the heading Downloadable Report Forms, click the link for the year you wish to file for. The most current year will be listed first.
LLCs, corporations, and partnerships must file the Public Information Report and all other taxable entities must file the Ownership Information Report.
Once the form(s) are filed, mail them to Texas Comptroller of Public Accounts PO Box 149348 Austin, TX 78714-9348.

Required Information for the Texas Annual Report

Here’s a list of information you’ll need to include on your Texas Public Information Report or Ownership Information Report:

Business taxpayer number
Reporting year and due date
Business name and mailing address
Names and addresses of owners, members, managers, directors, or partners
Principal office address
Texas Secretary of State file number: You can find this number by searching the Texas Comptroller Business Database. It will be listed under the heading Texas SOS File Number.
Registered agent information
Information about parent or subsidiary companies: If another business entity has 10% or more interest in your company, you’ll need to share their name, state of formation, TX SOS File Number (if applicable), and percentage of ownership.

File Your Texas Annual Report

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How Our Texas Renewal Service Works

With Northwest’s elite Texas Renewal Service, you can trust that your business will stay compliant and in good standing, so you never have to worry about costly late fees or your company being administratively dissolved.

For $100 plus the state-mandated report fee, we’ll file your annual report. For most Texas companies, $100 is all you’ll pay.

Run your business on your terms by adding or canceling Texas Renewal Service anytime.

You can sign up for this service by itself or add it on to an existing service. Renewal service is automatically added when you hire us to provide your registered agent service or form your Texas LLC, Texas corporation or Texas nonprofit.
Once you’ve signed up for the service, you’ll pay nothing up front. We’ll send you a reminder at least 90 days before the report is due, and the auto charge your saved preferred method of payment a few days later.

Renewal Service Benefits

At Northwest, you don’t have to figure out how to opt out of exposing your personal information. That’s because we practice Privacy by Default®. We automatically minimize the exposure of your data, without being asked.

Texas Annual Reports are public record. Any information you list on the form is easily searchable online. So we’ve designed our renewal service to protect your privacy.

Instead of your own information, we’ll use:

Our contact information, including our street address when possible.
Our IP address, which limits the connection between your cell phone, personal computer, and work computers to make it harder for advertisers to find you.
Our bank and credit card information.

We believe everyone has the right to keep their information private. That’s why privacy is our guiding principle when we create every service and product.

Texas Annual Report FAQs

Nope. The state does not require new businesses to file initial reports. Phew!

If you don’t file your Texas Annual Report on time, you’ll be assessed a $50 late fee. Late tax payments will be charged 5% of the total tax due. If you’re more than 30 days delinquent, you’ll be charged an additional 10% of the total penalty already assessed.

Annual reports will be processed in approximately 5-7 business days.

After starting a business in Texas, any authorized person may sign the annual report. An authorized person is someone your business permits to act on its behalf.

This could be someone within the business (such as a director or manager), or someone outside of the business that you hire to file your report. When you hire Northwest Registered Agent for business renewal service, we’ll submit the annual report for you!

It depends on how you file. If you file online, you may submit the report with electronic signatures. If you file by mail, you’ll need to provide original signatures.