Texas Franchise Tax and Public Information Report
Texas LLCs do not file a separate annual report with the Texas Secretary of State. The recurring state compliance filing is the franchise tax report and Public Information Report with the Texas Comptroller.
For a Texas LLC owner, the practical point is simple: put May 15 on the annual calendar, even when the company expects to owe no franchise tax.
Texas LLC Annual Report vs. Franchise Tax Report
Many states use the phrase annual report for the recurring company filing. Texas handles the recurring LLC filing through the franchise tax system instead.
The Texas filing cycle includes the annual franchise tax report and the Public Information Report. The Public Information Report is the company-information side of the filing. The franchise tax report is the tax side of the filing.
That distinction matters because an LLC can be below the no-tax-due threshold and still have a Public Information Report requirement.
Public Information Report
The Texas Franchise Tax Public Information Report is Form 05-102. It is filed with the Texas Comptroller, not with the Texas Secretary of State.
Every LLC, corporation, limited partnership, professional association, and financial institution organized in Texas or with nexus in Texas must file the Public Information Report.
The report is designed to keep current public information on the entity, including company address information, management or member information, and registered agent information.
Franchise Tax
Texas franchise tax is tied to the annual Comptroller filing cycle. For 2026 and 2027, the no-tax-due threshold is $2,650,000 in annualized total revenue.
If the LLC is above the applicable threshold, Texas lists a franchise tax rate of 0.375% of taxable margin for retail or wholesale businesses and 0.75% of taxable margin for other businesses.
Texas also lists an EZ Computation rate of 0.331% for entities with $20 million or less in total revenue.
Due Date
The annual franchise tax report is due May 15 each year. If May 15 falls on a weekend or holiday, the due date moves to the next business day.
The Public Information Report is due on the same date as the annual franchise tax report. It must be filed even when the entity's revenue is at or below the no-tax-due threshold.
Do not treat a no-tax-due position as a reason to ignore the report. The tax calculation and the company-information filing are related, but they are not the same question.
Information to Have Ready
Prepare the filing from the company's current records. Have the entity's identifying information ready before starting the Comptroller filing.
The recurring filing can involve the company address, registered agent information, manager or member information, and the company's business activity. If the company's records are not current, fix the records before the deadline is driving the process.
For a newly formed LLC, build the franchise tax and Public Information Report date into the post-formation checklist. Formation creates the company. Annual compliance keeps the company current.
Late Reports and Penalties
A franchise tax report filed after the due date carries a $50 late filing penalty.
If franchise tax is paid 1 to 30 days late, Texas lists a 5% penalty on the tax due. If the tax is paid more than 30 days late, the penalty is 10% of the tax due. Interest begins accruing 61 days after the due date.
Missing the Public Information Report can also create entity-forfeiture consequences. The entity can be denied the right to sue or defend in Texas court, and officers, directors, or members can become personally liable for certain entity debts.
Registered Agent and Annual Reminders
Annual compliance connects to the registered agent role because official notices and service of process need a reliable Texas contact point.
Every Texas LLC must maintain a registered agent and registered office in Texas. That registered office must be a physical Texas address where official notices and service of process can be received during business hours.
The registered agent does not replace the company's responsibility to file. Treat the agent and the Comptroller calendar as part of the same compliance system: one keeps official contact information stable, and the other keeps the annual filing current.