Texas business filings, and the one date that matters
No annual report to the Secretary of State, and one filing on May 15.
Texas for-profit corporations and LLCs file no annual report with the Secretary of State. They file with the Comptroller by May 15. Below $2,650,000 in annualized total revenue no tax is owed, but the Public Information Report is still required, and missing it costs $50.
Work it out in a minute
Nine questions across revenue, capacity and control. Shows which of the three is costing you most, and where to start.
What we take on
May 15, to the Comptroller
The annual franchise tax report and the Public Information Report are both due on May 15. If May 15 falls on a weekend or a holiday, the date moves to the next business day.
There is no Secretary of State annual report
For-profit corporations and LLCs do not file a periodic report with the Texas Secretary of State. Management information is updated once a year on the Public Information Report instead. Nonprofits, limited partnerships and professional associations do file periodic reports.
The 2026 no tax due threshold is $2.65 million
A taxable entity with annualized total revenue at or below $2,650,000 owes no franchise tax. Above it, the rate is 0.375 percent for retail and wholesale, and 0.75 percent for everyone else.
No tax due does not mean no filing
The Public Information Report is due even when the entity is under the threshold and owes nothing. The separate No Tax Due Report was discontinued for reports due on or after January 1, 2024, which is what most stale advice still describes.
Late is $50 before any tax is counted
A late report draws $50, and that applies whether or not tax is owed. On top of any tax there is 5 percent for one to thirty days late, 10 percent beyond thirty, and a further 10 percent after the notice date.
Interest starts on day 61
Statutory interest begins accruing on the 61st day after the due date. The rate is variable and set at the start of each calendar year, so check the Comptroller before estimating a back-year balance.
What usually goes wrong
The single most expensive Texas mistake is believing that a small company owes Texas nothing. Revenue under the threshold means no tax. It does not mean no filing, and the $50 lands anyway.
The second is looking for the wrong agency. People who have run a company in Florida or Illinois go hunting for a Secretary of State annual report, find nothing, and conclude Texas is easy. The filing is at the Comptroller.
The third is stale guidance about the No Tax Due Report. It was discontinued for reports due on or after January 1, 2024, and half the material online still tells people to file it.
Threshold figures also move. The Comptroller has raised the no tax due threshold more than once in recent years, and at least one of its own pages still shows an older number in an example. Read the current year page.
Annualized is doing real work in that sentence too. A company that traded for seven months has to annualize before comparing itself to the threshold, and a short year can push a company over a line it thought it was under. Checked against the official state pages in September 2026.
Questions we get
Do we file anything if we made no money?
Yes. The Public Information Report is due even when annualized total revenue is at or below the no tax due threshold and no franchise tax is owed.
Missing it is $50, and the entity can lose its right to transact business.
Is there a Texas annual report?
Not for a for-profit corporation or LLC. Management information is updated yearly on the Public Information Report filed with the Comptroller.
Nonprofit corporations, limited partnerships and professional associations do file periodic reports with the Secretary of State.
What is the threshold this year?
$2,650,000 in annualized total revenue for 2026 reports. Below it, no franchise tax is owed.
The word annualized matters if you traded for part of the year.
What does a late filing cost?
$50 for the late report regardless of tax, then 5 percent of any tax for one to thirty days late and 10 percent beyond thirty. A further 10 percent applies if it is still unpaid after the notice date.
Interest starts on the 61st day after the due date.
We moved to Texas from another state. What changes?
The rhythm, mostly. There is no annual Secretary of State report to remember, one date in May, and a revenue test rather than a flat minimum tax.
The trap is assuming that no tax means no filing.
Can you run this calendar for us?
Yes. We keep the books that produce the total revenue figure and we hold the calendar so May 15 is not a surprise in May.
Where a return is involved, your CPA files it and we make sure the numbers are ready.
For a state that does have an annual report, Illinois business filings.
More in the guides and every answer in one place.
Shaheer leads the work, with engineers, writers, filers and analysts behind him. C-suite operations for a San Francisco AI company, Six Sigma on the process side, Anthropic certified on the Model Context Protocol, ten years across eight industries. See what we have built