| What to file | Franchise tax report |
|---|---|
| State fee | Franchise tax: Variable (Depends on revenue) source ↗ |
| Due | First franchise report cycle May 15 of the year after becoming subject to tax, then May 15 annually; follow Comptroller exceptions and calendar rules. |
| First deadline after forming | May 15 of the year after the LLC becomes subject to franchise tax (usually the year after you form). |
| Late fee | $50$50 penalty on each report filed late, plus 5% (1–30 days) or 10% (>30 days) penalty on any tax due, plus interest.Grace: None. |
| If you don't file | Forfeiture of right to transact business, then of charter, for non-filing (Comptroller/SOS; timing not on fetched page). check with the state |
Government fees only. Report fees, taxes and late fees shown here are paid to the state, not platform or service fees.
Covers LLCs. Corporations file on different rules and fees; check with the state. Official rules: comptroller.texas.gov ↗. FormCost isn't affiliated with or endorsed by any government agency. Links go to official public pages.
How to file
File the franchise tax report and Public Information Report with the Texas Comptroller online. Most small LLCs owe no tax (no tax is due at or below $2.65 million of annualized revenue for 2026 reports) but must still file.
File with Texas ↗Official site: comptroller.texas.gov. No service needed.
BOI report: not needed for US-formed LLCs. Under FinCEN's final rule, effective August 14, 2026 (making the March 2025 interim rule permanent), companies formed in the US don't file beneficial ownership (BOI) reports. Only companies formed abroad and registered to do business in a US state report, generally within 30 days of their registration taking effect. Filing with FinCEN is free; ignore letters asking you to pay to file one. FinCEN ↗
Texas LLC cost and yearly fees → What to do after you form All states
Texas annual report FAQ
Does a Texas LLC have to file an annual report?
Yes: a franchise tax report, variable tax, due May 15.
When is the Texas LLC franchise tax report due?
First franchise report cycle May 15 of the year after becoming subject to tax, then May 15 annually; follow Comptroller exceptions and calendar rules. First one: may 15 of the year after the LLC becomes subject to franchise tax (usually the year after you form).
How much does the Texas franchise tax report cost?
Franchise tax: Variable (Depends on revenue).
What happens if I file the Texas franchise tax report late?
Late fee: $50. $50 penalty on each report filed late, plus 5% (1–30 days) or 10% (>30 days) penalty on any tax due, plus interest. Forfeiture of right to transact business, then of charter, for non-filing (Comptroller/SOS; timing not on fetched page). Check the current rule with the state.
Does my Texas LLC need to file a BOI report?
No, if it was formed in the US. Under FinCEN’s final rule, effective August 14, 2026, US-formed companies are exempt. Only companies formed abroad and registered to do business in a US state report, generally within 30 days of registering.
FormCost editorial team · Reviewed by our founder, an attorney by training with an MBA, who is part of the editorial team. How we check sources