What is an annual report?
The annual report provides key details about your business, including the owners, business set-up details, and changes since the last filing date. It is something you need to comply with once you create an LLC in Texas.
In some states, the annual report is known by a different name. Texas doesn’t use an annual report. Its closest equivalent is the Public Information Report (PIR), which you file with the Comptroller.
There is no filing fee for a public information report or annual report in Texas. Still, it’s helpful to keep this requirement in mind as part of the overall Texas LLC cost considerations when running your business.
If your LLC business operates in Texas and other states, it can be a challenge to coordinate the multiple filing dates and parameters. In some states, for example, you need to provide information about assets, revenue, stock and capital in addition to basic membership and ownership information.
Working with a third-party service can help you manage the deadlines, collect information, complete forms and file online reports in a timely manner. It’s important to pay attention to these deadlines. A failure to file in some states, including Texas, means fines and penalties.
Texas LLC Annual Report Requirements
The annual report or public information report is filed with the franchise tax forms. If your LLC’s revenue is at or below $2.65 million (2026 and 2027 reports), you file only the PIR; no franchise tax report is needed. Here are the various requirements for completing the report.
- Taxpayer Number. Enter the Texas taxpayer number assigned to your LLC by the state Comptroller’s office. If you do not have this number, enter your federal employer identification number (FEIN)
- Taxpayer Name and Mailing Address. Enter the name and address on file with the state Comptroller’s office
- Secretary of State File Number or Comptroller File Number. Enter the number provided by the respective state office
- Principal Office and Address. Enter the address within the United States where your LLC’s records are kept
- Principal Place of Business. Enter the address where your LLC conducts day-to-day operations
- Officer, Director, Manager and Member Information. For each person, enter the name, title, mailing address and term expiration date (if any). LLCs list all managers, or all members if the LLC is member-managed, plus any officers
- Owned Entities. Enter information about any subsidiary business entity in which the LLC owns a 10 percent or more interest. Required information for each subsidiary includes name, state of formation, Texas Secretary of State file number, if any, and ownership percentage
- Owned-By Information. Enter information for any parent business entity that owns 10 percent or more of your LLC. Required information for each parent entity includes name, state of formation, Texas Secretary of State file number, if any, and ownership percentage
- Registered Agent. Add the name and address of your Texas registered agent or registered office. To change your agent or office, file Form 401 with the Secretary of State; you can’t change it on the PIR
- Signature. By signing the document, you are affirming that the information is true and correct, and that a copy of the report has been mailed to each person named as an officer, director, member, general partner or manager who is not currently employed by the LLC or a related entity
How to File an Annual Report in Texas
Filing your report with the state of Texas is embedded in the filing of your franchise taxes. Here are the details.
Due dates
The annual report is due by May 15 for each report year. This is the same date as the franchise tax is due. If May 15 falls on a weekend or holiday, it’s due the next business day. You can request an extension to November 15.
If your LLC is ending its existence, it files any required final franchise tax report (covering through a date within 60 days of termination) and its information report, then gets a certificate of account status from the Comptroller before filing a Certificate of Termination.
File online
Texas LLCs may file their public information reports with the state comptroller’s office via its Webfile online portal. There is no annual report fee in Texas.
File by mail
You may print out and mail the required forms. The forms are accessible via the state comptroller’s website. You can mail the completed forms to:
Texas Comptroller of Public Accounts
P.O. Box 149348
Austin, TX 78714-9348
Fill in the form with the above information requirements
You can take the time to determine which forms you need to fill out, gather the required information and complete the filings yourself. This is a time-consuming process that requires exceptional attention to detail. It also means confirming information from previous submissions and noting when there are changes.
File with a compliance service
Many Texas LLCs choose to use a compliance service to complete filings for them.
A compliance service like Tailor Brands can eliminate this task and ensure that you remain in full accordance with Texas state guidelines.
Compliance services ensure that your filings are completed and submitted by the May 15 due date. They will monitor any changes to the requirements and collect all the necessary information in a timely manner.
What Happens if Failed To File on Time?
There are consequences for not filing your annual report on time.
Late fees and fines
If you file after May 15, the Comptroller charges a $50 late-filing penalty for each report.
Penalties
If you owe tax and pay it 1 to 30 days late, there’s a 5% penalty. After 30 days, the penalty is 10%. Interest starts 61 days after the due date.
Forfeiture
If your LLC still hasn’t filed or paid after the Comptroller sends a notice of forfeiture, the Comptroller forfeits its right to transact business in Texas. A forfeited LLC can’t sue in Texas courts, and its managers and officers can become personally liable for debts it takes on. If the LLC doesn’t fix this within 120 days, the Secretary of State can forfeit its Certificate of Formation. In order to be reinstated, the LLC will have to file any missing annual franchise tax and public information reports. In addition, all tax, penalty and interest payments must be paid.
After those steps are completed, your LLC needs to request a tax clearance letter through Webfile or with Form 05-391. Then file it with the Secretary of State’s reinstatement form (Form 801, $75) through SOSPortal or by mail. A forfeited LLC can reinstate at any time.
Conclusion
Your LLC annual report is an important document that details basic information to the state of Texas. The report requires collecting and reporting key information about the business, its structure, its directors and managers, and ownership interests. Filing this report is a mandated task within the state of Texas.
This report can be completed by your LLC or, as many businesses choose, by a compliance service that specializes in this work. Using a compliance service ensures that reports are filed on time and accurately.
FAQ
Texas LLCs don’t file a standalone annual report, but they must file a Public Information Report each year, along with a franchise tax report if they owe tax.
The Public Information Report and franchise tax filing are due every year by May 15.
There is no separate fee for the Public Information Report. Franchise tax is only owed above $2.65 million in revenue (2026 and 2027 reports).
Failure to file can result in a $50 late-filing penalty, loss of good standing and, eventually, forfeiture of your LLC’s right to do business.
You can file online through the Texas Comptroller of Public Accounts using Webfile or by mailing in your forms.