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Texas Corporation & LLC Filing Requirements

The following is provided for informational purposes only and should not replace the advice of professional counsel. Although we make every effort to keep the information presented here up to date, states continuously change their policies, forms, fees, and information. Because of this, we make no guarantees as to the accuracy of the information presented in this current revision. Please report any problems you may encounter with moved or broken links on this page by clicking here. (Make sure to include the state and the defective link names in your e-mail.) Last update: July 28, 2008

Contact your state or local agencies regarding licensing issues.

Corporation Franchise Tax Reports

Tax:	The franchise tax is computed at the rate of: (1) 0.25% of net taxable capital and (2) 4.5% of net taxable earned surplus. If the amount computed under either part of the basis formula is zero or less, the tax is zero. If the amount of tax computed is less than $100, the corporation is not required to pay such amount and is not considered to owe any franchise tax for the period.   Texas Franchise Tax Online Calculator
Forms:	Form 05-173 - 2008 Franchise Tax Initial/Annual Report (due after 01/01/2008) with Instructions Form 05-174 - Franchise Tax Final Report (file if you ceased doing business after 11/01/2007) Form 05-102 - 2008 TX Franchise Tax Public Information Report Form 05-163 - 2008 TX No Tax Due Information Report Annual Tax Form List - 2008 Annual Franchise Tax Reports
Due Date:	The Initial Tax Report and payment are due 89 days after the first anniversary of the beginning date (your corporation's formation date). The Annual Tax Report and payment must be postmarked on or before May 15th of the report year.

LLC Franchise Tax Reports

Tax:	The franchise tax is computed at the rate of: (1) 0.25% of net taxable capital and (2) 4.5% of net taxable earned surplus. If the amount computed under either part of the basis formula is zero or less, the tax is zero. If the amount of tax computed is less than $100, the LLC is not required to pay such amount and is not considered to owe any franchise tax for the period.   Texas Franchise Tax Online Calculator
Forms:	Form 05-173 - 2008 Franchise Tax Initial/Annual Report (due after 01/01/2008) with Instructions Form 05-174 - Franchise Tax Final Report (file if you ceased doing business after 11/01/2007) Form 05-102 - 2008 TX Franchise Tax Public Information Report Form 05-163 - 2008 TX No Tax Due Information Report Annual Tax Form List - 2008 Annual Franchise Tax Reports
Due Date:	The initial tax report and payment are due 89 days after the first anniversary of the beginning date. The annual tax report and payment must be postmarked on or before May 15th of the report year.