Texas LLC With No Revenue: What You Still File by May 15 (2026)
A Texas LLC that earned nothing still has one filing a year with the Comptroller. Since 2024 it is shorter than it used to be, and skipping it no longer costs a $50 penalty, which is exactly why owners forget it until the LLC loses its right to do business.
The short answer
If your LLC's annualised total revenue is at or below the no tax due threshold, which is $2.65 million for 2026 reports, you owe no franchise tax. Since the 2024 report year you do not file a No Tax Due Report either. You must still file Form 05-102, the Public Information Report, by May 15. Source: Texas Comptroller, No Tax Due reporting for 2024 and later.
Why a Texas LLC files at all
Every Texas LLC is a taxable entity for the state franchise tax, including single-member LLCs that the IRS disregards. The franchise tax report is the annual filing, due May 15. Revenue below the threshold removes the tax and, since 2024, the tax report itself, but not the information report that tells the state who runs the company.
What changed in 2024
| Before 2024 | 2024 report year and later | |
|---|---|---|
| No tax due threshold | Lower threshold | $2.47 million for 2024 and 2025 reports, $2.65 million for 2026 reports |
| Report for entities under the threshold | No Tax Due Report plus the Public Information Report | Public Information Report only (or the Ownership Information Report for entity types that file that form) |
| $50 late penalty | Charged on the late No Tax Due Report | The Comptroller states there is no $50 penalty for a late PIR or OIR; the penalty still applies to franchise tax reports filed late |
What the Public Information Report asks
- The LLC's legal name, Texas taxpayer number and Secretary of State file number.
- The principal office and principal place of business.
- The name, title and mailing address of each manager, or each member if the LLC is member-managed.
- Any corporation or LLC that owns 10% or more of your LLC, and any entity your LLC owns 10% or more of.
- The registered agent and registered office on file with the Secretary of State.
The information is public. It is what appears when someone looks up your LLC on the Comptroller's taxable entity search.
Deadlines, starting with your first year
- May 15 every year. If May 15 falls on a weekend or holiday, the due date moves to the next business day.
- First report: an LLC formed in 2026 files its first report in 2027, not in the year of formation.
- How to file: online through the Comptroller's Webfile system, using the WebFile number printed on the franchise tax notice the Comptroller mails to the LLC. Keep the registered agent current, because that is where the notice goes.
- Revenue near the threshold: revenue is annualised for a first year shorter than twelve months, so a strong partial year can push you over. If you are close, have a preparer check before assuming no tax is due.
What happens if you skip it
No $50 penalty is not the same as no consequence. An LLC that does not file its report can have its right to transact business in Texas forfeited by the Comptroller, and the Secretary of State can then forfeit the certificate of formation. Under the Texas Tax Code, forfeiture can also expose the people who run the company to personal liability for debts the LLC takes on afterwards. Getting back requires filing every missing report, obtaining clearance from the Comptroller and reinstating with the Secretary of State, which is far more work than a five-minute form each May.
Checklist for a zero-revenue Texas LLC
- Put May 15 in your calendar the day the LLC is approved.
- Make sure the registered agent forwards Comptroller mail, so you receive the WebFile number.
- File the Public Information Report online each year, even with no revenue.
- Update the manager or member names when they change.
- Check revenue against the threshold every year; above it, the full franchise tax report and the $50 late penalty apply.
For formation costs and steps, see our Texas LLC guide.
Frequently asked questions
Does a Texas LLC with no revenue have to file anything?
Yes. It owes no franchise tax and, since 2024, files no No Tax Due Report, but it must file Form 05-102, the Public Information Report, with the Comptroller by May 15 every year.
Is there a penalty for filing the Texas Public Information Report late?
The Comptroller states there is no $50 penalty for a late Public Information Report or Ownership Information Report. Not filing at all can still lead to forfeiture of the LLC's right to transact business in Texas.
When is a new Texas LLC's first franchise tax filing due?
On May 15 of the year after formation. An LLC formed in 2026 files its first Public Information Report, or franchise tax report if above the threshold, by May 15, 2027.
Sources
Related: How to Start an LLC in Texas
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Checked against the official sources listed above in September 2026. Rules and fees change; confirm with the agency before acting. General information only, not legal or tax advice.