Texas LLC annual report and yearly fees: what is due and when

Texas LLCs file nothing yearly with the Secretary of State, which leads many owners to think there is no annual report. There is, with the Comptroller. This guide covers what to file, when, and what small LLCs owe.

By Hamza Fida, Chartered Accountant. Reviewed by Awais Jameel, Chartered Accountant. Checked against official sources on . 2 minute read.

Short answer

A Texas LLC's annual report is its franchise tax report, filed with the Texas Comptroller by May 15 each year, with a Public Information Report. For 2026 reports, no tax is due at or below $2.65 million of annualized revenue, but the reports are still required. Late reports carry a $50 penalty, and continued failure leads to forfeiture of the LLC's right to do business.

At a glance

Filed with
Texas Comptroller
Due
May 15 each year
No tax due threshold
$2.65 million for 2026 reports
Information report
Public Information Report, every year
Late penalty
$50 per report
If ignored
Forfeiture of the right to do business
Texas LLC annual report and yearly fees: what is due and whenFiled with: Texas Comptroller; Due: May 15 each year; No tax due threshold: $2.65 million for 2026 reports; Information report: Public Information Report, every year; Late penalty: $50 per report; If ignored: Forfeiture of the right to do business.KEY FACTS AT A GLANCETexas LLC annual report and yearly fees: what isdue and whenFiled withTexas ComptrollerDueMay 15 each yearNo tax due threshold$2.65 million for 2026reportsInformation reportPublic InformationReport, every yearLate penalty$50 per reportIf ignoredForfeiture of the rightto do businessChecked against official sourcesTax BakersTexas LLC annual report and yearly fees: what is due and whenFiled with: Texas Comptroller; Due: May 15 each year; No tax due threshold: $2.65 million for 2026 reports; Information report: Public Information Report, every year; Late penalty: $50 per report; If ignored: Forfeiture of the right to do business.KEY FACTS AT A GLANCETexas LLC annual report and yearlyfees: what is due and whenFiled withTexas ComptrollerDueMay 15 each yearNo tax due threshold$2.65 million for 2026 reportsInformation reportPublic Information Report, every yearLate penalty$50 per reportIf ignoredForfeiture of the right to do businessChecked against official sourcesTax Bakers
Key facts at a glance, as set out in this guide.

What does a Texas LLC file each year?

A franchise tax report with the Texas Comptroller, due May 15, together with a Public Information Report listing the LLC's managers or members, officers and registered agent. There is no separate annual report with the Secretary of State.

Do small LLCs owe franchise tax?

Not below the no tax due threshold. For reports due in 2026, an LLC with annualized total revenue at or below $2.65 million owes no franchise tax. It still files its reports, which confirm that no tax is due. Above the threshold, the tax is calculated on the LLC's taxable margin, at a lower rate for retail and wholesale businesses, and many smaller taxpayers can use a simplified calculation based on revenue. See franchise tax explained.

How do you file?

  1. Get your Texas taxpayer number

    Assigned when the LLC registered, shown on Comptroller correspondence.

  2. Work out annualized revenue

    From the accounting year ending in the previous calendar year.

  3. File online

    Through the Comptroller's WebFile system: a No Tax Due report or a full report.

  4. File the Public Information Report

    Online at the same time.

  5. Pay any tax due

    By May 15, or request an extension.

What happens if you file late?

The Comptroller charges a $50 penalty on each report filed after the due date, plus penalties and interest on any tax owed. If reports stay unfiled, the LLC's right to transact business in Texas is forfeited, and eventually the Secretary of State can forfeit its charter. Owners who keep trading after forfeiture can be personally liable for certain debts. See reinstating a dissolved LLC.

When is the first report due?

The first franchise tax report is due May 15 of the year after the LLC was formed or registered in Texas. For forming a Texas LLC, see how to form an LLC in Texas.

Want your Texas report filed?

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Questions people ask

Does a Texas LLC file an annual report?

Yes, in the form of a franchise tax report and Public Information Report with the Texas Comptroller by May 15.

Do small Texas LLCs pay franchise tax?

No tax is due at or below $2.65 million of annualized revenue for 2026 reports, but the reports are still required.

What is the penalty for filing a Texas franchise tax report late?

A $50 penalty per report, plus penalties and interest on any tax due.

When is a Texas LLC's first franchise tax report due?

May 15 of the year after it was formed or registered in Texas.

Sources

Every fee, date and rule on this page was taken from these official and primary sources.

  1. Texas Comptroller: 2026 franchise tax report forms and no tax due threshold
  2. Texas Tax Code chapter 171: franchise tax
  3. IRS: Employer identification number

Rules and fees change. If you are reading this long after September 30, 2026, confirm the figures with the source before you rely on them.

State LLC formationHow to form an LLC in TexasBusiness tax by entity typeFranchise tax explained: which states charge itDeadlines, penalties and IRS noticesAdministrative dissolution: missed state filings and how to reinstate

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This guide is general information. It is not tax or legal advice for your situation.