Texas LLC Annual Report

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Once you have formed your Texas LLC, it is important that you stay on top of your state’s filing deadlines in order to stay in good standing and avoid unnecessary fines and penalties.

This article contains the following sections:

  1. What is an Annual Report?
  2. How do I file one?
  3. Should I use a registered agent service?

What Is an Annual Report?

In Texas, an annual report is a regular filing that your LLC must complete every year. This is essentially updating your registered agent address and paying your LLC’s franchise tax. Texas calls their annual report the Franchise Tax Public Information Report, and all LLCs are required to file one with the Texas Comptroller of Public Accounts.

The purpose of this report is to keep your business records up to date with the state of Texas. This allows creditors and other interested parties to look up your business address in case they need to contact you. The government uses this information to track the payment of your LLC's state taxes.

Learn more about annual reports by reading our article, What is an LLC Annual Report?

How Do I File?

You can file your LLC’s annual report through the Texas Comptroller of Public Accounts website. You will need to login to your Texas Comptroller account to be able to file.

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Fee: Texas charges a $50 penalty for failure to file on time. In addition, your business can be automatically dissolved.

Instructions: You will need your LLC State ID number. If you do not know your i.d. number, you can use the business entity search to find it.

Filing deadlines: The Texas Franchise Tax Public Information Report is due by May 15 each year, except for the first year in which your LLC was formed. For example, if you formed your LLC in March 2016, then your first annual report would not be due until May 2018.

Penalties for late filings: Texas charges a $50 penalty for late filings. In addition, your business can be automatically dissolved.

Should I Use a Registered Agent Service?

A registered agent is a person or business nominated by your company to officially receive and send papers on your behalf. By using a registered agent service, you can ensure that your LLC's reports are always filed on time to the appropriate government agency. Here are the three main advantages to using a registered agent service for your LLC:

  • 1. Avoid penalties of late filing: In Texas, an LLC may be dissolved if you fail to file an annual report. A registered agent service will notify you when reports are due, and they can also submit the filing for you for an additional fee.

  • 2. You will have flexibility: A registered agent can receive and send documents for your LLC during regular business hours, so that you have to be on the job from 9-5 every week. You can also use a registered agent service to form an LLC in other states where you don't already have an established business presence.
  • 3. You will have privacy: Using a registered agent allows you to keep your personal address off of public records, ensuring your personal privacy. Additionally, in the unfortunate event that your LLC is sued, the lawsuit will be served to the registered agent address, rather than at your place of business in front of your employees.

Learn more about a registered agent by reading our article, What is a Registered Agent?

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Recommended: Northwest Registered Agent provides free registered agent service for the first year as part of their LLC Packages.

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