Information for Business Owners
Franchise Tax Info
Franchise Tax Due Date for LLC Owners
Deadline is May 15th
Due to recent tax law changes the No Tax Due Report for Texas LLC's is no longer required. However each taxable entity is still required to file the Form 05-102, Public Information Report (PDF) or Form 05-167, Ownership Information Report (PDF) by May 15th.
Our office will no longer be filing these reports for our clients, so to avoid receiving any penalties you must file your own report by May 15th.
Please see further information on how to submit your Public Information Report (PIR) to the Texas Comptrollers Office.
The easiest and fastest way to submit your PIR is through the Web File eSystems portal here.
Once you submit your report be sure to print the confirmation page and save for your records.
Filing Requirements
Public Information Report
Each taxable entity formed as a corporation, limited liability company (LLC), limited partnership, professional association and financial institution that is organized in Texas or has nexus in Texas must file Form 05-102, Texas Franchise Tax Public Information Report (PIR) annually to satisfy their filing requirements. The PIR is due on the annual franchise tax report due date. The report must be completed and signed by an officer, director or other authorized person.
PIR Information
Officer and director information on the Comptroller’s website is obtained from the most recent PIRs processed by the Texas Secretary of State (SOS). PIRs are forwarded to the SOS for processing. After processing, the SOS sends the Comptroller’s office an electronic copy of the information, which is displayed in our online Taxable Entity Search. This information is updated as changes are received from the SOS.
You may order a copy of a Public Information Report from open.records@cpa.texas.gov or Comptroller of Public Accounts, Open Records Section, P.O. Box 13528, Austin, Texas 78711.
Where to submit your PIR
Submit your PIR via Webfile or mail to:
Texas Comptroller of Public Accounts
P.O. Box 149348
Austin, TX 78714-9348
Ownership Information Report
Each taxable entity, other than a legally formed corporation, LLC, limited partnership, professional association or financial institution, that is organized in Texas or has nexus in Texas is required to file Form 05-167, Franchise Tax Ownership Information Report (OIR) annually to satisfy their filing requirements. The OIR is due on the date the annual franchise tax report is due and must be completed and signed by a partner, member, owner, or other authorized person of the taxable entity.
OIR Information
Ownership information on OIRs is confidential and is not displayed on the Comptroller’s website.
Where to submit your OIR
Combined Groups
Each member of a combined group that is organized in Texas or that has nexus in Texas must file a separate PIR or OIR.
IMPORTANT: The PIR or OIR is due even if the entity does not have to file a franchise tax report because its annualized total revenue is at or below the no tax due threshold.
Entities Not Required to File a PIR or an OIR
Entities that are not organized in Texas and/or do not have nexus in Texas.
Entities that are exempt from Texas franchise tax.
Qualifying new veteran-owned businesses during their initial five-year period.
Entities that qualify as passive.
Failure to File a PIR or an OIR
Even if you do not have to file a franchise tax report because you are at or below the no tax due threshold or you file a franchise tax report and pay all taxes due, your entity may forfeit its right to transact business if you fail to file a completed and signed PIR or OIR. The effects of forfeiture include the denial of your entity’s right to sue or defend in a Texas court, and each officer, director, partner, member or owner becomes personally liable for certain debts of the entity (Texas Tax Code Sections 171.251, 171.2515, 171.252 and 171.255). Forfeiture provisions do not apply to financial institutions (Texas Tax Code Sections 171.259 and 171.260).
Amending PIRs
Registered Agent Changes