In good standing, all year long.

Business compliance is the set of recurring filings, reports, and records that keep your company in good standing with the State of Texas and the IRS. For a Texas LLC or corporation, that usually means an annual Franchise Tax report, a registered agent on file with the Secretary of State, current IRS and payroll filings, and records such as annual minutes. Our recommendation: keep every deadline on one calendar, and make one person responsible for it.

Yes. Most Texas LLCs and corporations file with the Texas Comptroller every year by May 15, even when no tax is due. A business under the no-tax-due revenue threshold doesn't pay franchise tax, but it still files a Public Information Report (or an Ownership Information Report) each year. Our advice: file on time even in a zero year. A missed report, not a tax bill, is what usually takes an entity out of good standing.

The Comptroller charges a $50 penalty on each late report, plus penalties and interest on any tax owed. If the report stays unfiled, the state can forfeit the entity's right to do business in Texas. That can make officers and directors personally liable for certain business debts and keep the business from suing in Texas courts. If you've missed one, file it now. Getting back in good standing is much simpler before the Secretary of State forfeits the entity's charter.

Yes. Every Texas LLC and corporation must keep a registered agent with a physical Texas address, not a P.O. box, who is available during business hours to accept legal papers for the business. You can be your own agent, but your address goes on the public record and you have to be there to receive service. We offer registered agent service at 101 Sunflower Lane, on its own or as part of the annual compliance package.

Texas corporations are required to hold an annual shareholders' meeting, and minutes are the proof that it happened. Texas LLCs aren't required to hold annual meetings, but a short yearly record of major decisions helps show the business is separate from its owners if that's ever questioned. Our recommendation: document one annual meeting a year, whichever entity you have.

Starting with the 2026 tax year, Texas exempts the first $125,000 of business personal property, such as furniture, equipment, and inventory, at each location. If yours is worth more, you file a rendition with the Bexar Appraisal District by April 15, or May 15 with a written extension request, and a late rendition adds a 10% penalty. If it's worth less, you can elect not to render, but you have to file that election with the appraisal district first. Read our guide to business personal property taxes in Bexar County.

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