Texas Annual Report for LLCs and Corporations: The Public Information Report (PIR)
Texas Annual Report for LLCs and Corporations: The Public Information Report (PIR)
If you searched for a Texas annual report, you will not find one at the Secretary of State. Texas does not have an SOS annual report. The yearly filing that LLCs and corporations owe in Texas is the Public Information Report (PIR), and it is filed with the Texas Comptroller of Public Accounts, not the Secretary of State. It is due every year on May 15, the same date as the franchise tax report. Many owners miss it because they assume the state filing system will remind them. It will not.
This guide covers what the PIR is, who must file it, how the due date works, what the report makes public, how to file, and what happens if you skip it. It is informational content, not legal or tax advice. Confirm your filing obligations with the Comptroller and consider a CPA or attorney if your situation is complex.
No Secretary of State annual report
Texas does not require LLCs or corporations to file a yearly report with the Texas Secretary of State. The SOS annual report fee is $0 because there is no such filing. Your initial formation filing is separate. The Certificate of Formation for an LLC (Form 205) and the Certificate of Formation for a corporation (Form 201) each carry a $300 filing fee.
Your ongoing state obligation runs through the Comptroller. Two things are tied to the same May 15 date each year:
- The Public Information Report, which identifies the entity and the people who run it.
- The Texas franchise tax report, a privilege tax on doing business in Texas. Texas has no corporate income tax and no state personal income tax, so the franchise tax is the state tax most business entities deal with.
You can find the Comptroller's tax pages at comptroller.texas.gov/taxes/. Business entity search and formation records are at the Texas Secretary of State business search.
Which form you file: PIR or OIR
Texas uses two forms for the same basic purpose. The form depends on your entity type.
| Form | Who files it | Is the information public? |
|---|---|---|
| Form 05-102 PIR | Corporations, LLCs, limited partnerships, professional associations and financial institutions | Yes. Officer and director names are public. |
| Form 05-167 OIR (Ownership Information Report) | Other taxable entities, such as general partnerships and trusts. Signed by a partner, member or owner. | No. OIR data is not public. |
If you operate an LLC or corporation, you file the PIR (Form 05-102). If you are unsure whether your entity is a general partnership, a trust, or another type that uses the OIR, confirm the classification on the Comptroller's site before you file the wrong form.
The due date: May 15 every year
The PIR is due May 15 each year. It is tied to the franchise tax report, so the two filings share the same deadline. A report due May 15, 2027, falls in the 2027 report year. Put the date on your calendar now, and build in time for your accountant or internal review rather than filing on the last day.
Do not assume a missed filing will be caught quickly. The consequences described below attach to the failure to file, so do not wait for a notice from the Comptroller before you file.
Who must file, even if you owe no tax
Owing zero franchise tax does not excuse the PIR. Entities at or below the no tax due threshold must still file a report. For the 2026 and 2027 report years, the threshold is $2,650,000 in total revenue. An entity at or below that figure owes no franchise tax but still must file the Public Information Report.
If your total revenue is above the threshold, you owe franchise tax at these rates:
- 0.375 percent for retail and wholesale businesses.
- 0.75 percent for all other entities.
- 0.331 percent under the EZ Computation, which is available to entities with total revenue under $20 million. Confirm your eligibility for this method with the Comptroller, because the method you use changes the tax calculation and the filing steps.
Total revenue, not net profit, drives the threshold test. A business with little profit can still be above $2,650,000 in revenue, and a business with large expenses can still be below it. Run the revenue number carefully before you assume either outcome.
Who may not have to file
The PIR is not required of the following groups:
- Entities that are exempt from franchise tax.
- Passive entities.
- Qualifying new veteran-owned businesses during their first five years.
Do not assume you fall into one of these groups because the label sounds right. Each category has conditions. Confirm your status with the Comptroller before you skip a filing. Filing when you were not required is a small cost. Skipping a filing you were required to make is a much larger one.
What the PIR discloses and why it matters
The PIR asks for information about your entity and the people who manage it. The most important point for owners is that officer and director names on a PIR are public. Anyone can look up the names you report, so make sure the individuals listed are accurate and that you are comfortable with them appearing in a public record.
The OIR works differently. Its ownership data is not public, which is why general partnerships and trusts use that form. If your business is an LLC or corporation, do not file an OIR in place of a PIR. The wrong form can leave you out of compliance even if you filed something on time.
Keep your officer and director information current. A change in the people who run the business should be reflected in the next report, and an outdated filing is a compliance problem of its own.
How to file the PIR
You can file the PIR in two ways:
- Webfile, the Comptroller's online filing system. Webfile is the faster option for most filers, and it lets you confirm submission electronically.
- By mail to the Comptroller. Mailed filings take longer to process, so send them well before May 15 and keep proof of mailing.
The Comptroller's site lists the current Webfile login steps and the mailing address for paper filings. Confirm both on the official site rather than relying on a form found on a third-party page, because mailing addresses and login procedures change.
Confirm with the Comptroller whether any cost applies to the PIR filing itself, and whether any cost applies to the franchise tax report you may owe. Do not budget based on a figure you have not seen on an official Comptroller page.
What happens if you miss the PIR
Under the Texas Tax Code, beginning at section 171.251, failing to file the required report can lead to serious consequences. These include:
- Forfeiture of the right to transact business in Texas. The entity can lose its authority to operate as a business in the state.
- Loss of the right to sue or defend in Texas courts. If someone sues your business, you may be unable to respond, and you may be unable to bring a claim yourself.
- Personal liability for certain debts of the entity. This is the consequence that surprises most owners. The liability protection an LLC or corporation normally provides may not cover certain obligations when the entity has not met its filing requirements.
The consequences are the reason to treat the May 15 deadline as a hard date. If you discover a missed filing, contact the Comptroller and an attorney promptly, because the exposure grows the longer the report remains unfiled.
A filing checklist for each May
- Mark May 15 on your calendar and set a reminder at least 30 days before.
- Confirm your entity type. LLCs and corporations file Form 05-102. General partnerships and trusts file Form 05-167.
- Check whether your entity is exempt from franchise tax, passive, or a qualifying new veteran-owned business in its first five years. Confirm with the Comptroller rather than guessing.
- Calculate total revenue for the report year and compare it to the $2,650,000 threshold for the 2026 and 2027 report years.
- If you are above the threshold, calculate the franchise tax using the correct rate, or confirm whether the EZ Computation applies.
- Gather accurate, current officer and director information for the report.
- File through Webfile or by mail, and save the confirmation or proof of mailing.
- Keep your registered agent and registered office current with the Secretary of State. Texas requires every domestic filing entity to maintain both, and a change of registered agent or office costs $15.
Common mistakes that cause problems
- Looking for an SOS annual report. There is none. The obligation is with the Comptroller, so checking only the Secretary of State leaves the real deadline unmet.
- Assuming zero revenue or zero tax means no filing. The PIR is still required for entities at or below the threshold.
- Filing the wrong form. An LLC or corporation files Form 05-102. Using the OIR in place of the PIR is an error.
- Treating the exemptions as automatic. Exempt status, passive status and the veteran-owned category each have conditions. Confirm them first.
- Letting officer and director information go stale. Because the PIR is public, outdated names create a visible and avoidable problem.
When to get professional help
Many single-owner LLCs with modest revenue can handle the PIR themselves once they understand the form. Bring in a CPA if your revenue is near the threshold, if you need to choose between the standard calculation and the EZ Computation, or if your entity has multistate operations. Talk to an attorney if you have missed a prior filing, if you have questions about personal liability for entity debts, or if your ownership structure is unusual. A Small Business Development Center advisor can also help you locate the right resources at no cost.
Official resources
- Texas Comptroller of Public Accounts, taxes: the PIR, franchise tax, and Webfile information.
- Texas Secretary of State corporations section: formation, registered agent and entity records.
- Texas Secretary of State business search: look up your entity's status and records.
- Texas Small Business Development Center Network: free advising for Texas business owners.
Disclaimer: This article is informational only and is not legal, tax, or accounting advice. Filing requirements, thresholds and rates can change. Verify every requirement, deadline and fee with the Texas Comptroller of Public Accounts and the Texas Secretary of State before you file, and consult a qualified attorney or CPA for advice about your specific business.