Texas LLC Annual Report: None Required, but a May 15 Comptroller Filing Is

A for-profit Texas LLC does not file an annual report with the Secretary of State. The yearly obligation is with the Texas Comptroller of Public Accounts instead: a franchise tax report and a Public Information Report (Form 05-102), both due May 15. There is no state filing fee for them.

The first one is due May 15 of the year after the year the LLC became subject to the tax. If May 15 falls on a weekend or holiday, the due date moves to the next business day. The Public Information Report is due even if the LLC owes no franchise tax because its revenue is at or below the no-tax-due threshold.

Texas yearly filings at a glance

Item	Fee	Deadline
Annual report with the Secretary of State	None required
Franchise tax report and Public Information Report	No filing fee	May 15 each year
Late filing	$50 per report	After May 15
Franchise tax paid late	5% (1 to 30 days), 10% (over 30 days)	Interest from day 61
Reinstatement (Form 801)	$75	After forfeiture, plus taxes and tax clearance

What the Comptroller filing involves

The no-tax-due threshold is $2,650,000 of annualized total revenue for report years 2026 and 2027. Single-member LLCs are taxable entities too. The Comptroller's franchise tax rates for 2026 and 2027 are 0.375% for retail and wholesale, 0.75% for other businesses, and 0.331% on the EZ computation. The No Tax Due Report was discontinued for reports due on or after January 1, 2024, so a small LLC files the Public Information Report instead.

If you miss May 15

A $50 penalty is assessed on each report filed after the due date. The Comptroller must forfeit a company's right to transact business in Texas, with at least 45 days after the notice. A forfeited entity is denied the right to sue or defend itself in a Texas court, and directors or officers can become liable for the entity's debts. To reinstate, file the reports, pay taxes, penalties and interest, get a tax clearance letter, and file Form 801 with its $75 fee.

Where these figures come from

• The Comptroller's franchise tax page and its reports and payments FAQ give the May 15 date, first-year rule, thresholds, rates and late penalties.
• The Public Information Report filing requirements explain the PIR for entities with no tax due.
• Publication 98-806 confirms LLCs, including single-member LLCs, are taxable entities.
• The Secretary of State's termination and reinstatement FAQ, the Comptroller instructions and Form 806 cover forfeiture and the $75 reinstatement fee.

How to handle the Texas yearly filing

1. Wait for the right year. The first report is due May 15 of the year after the LLC became subject to the tax.
2. Check your revenue against the $2,650,000 no-tax-due threshold to see whether any tax is owed.
3. File through the Comptroller (Webfile or mail), including the Public Information Report, before May 15.
4. Repeat every year. Keep your registered agent current with the Secretary of State on Form 401 ($15).

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FAQ

Does a Texas LLC have to file an annual report?

Not with the Secretary of State. It files a franchise tax report and Public Information Report with the Comptroller each May 15.

How much does it cost?

There is no state filing fee for the reports. Franchise tax is owed only if revenue is above $2,650,000 for 2026 and 2027.

What happens if I miss May 15?

A $50 penalty applies to each late report. If the filings are still missing, the Comptroller can forfeit the LLC's right to do business in Texas, and reinstating costs $75 plus any tax, penalties and interest.