Pay Franchise Taxes Online in the State of Texas using this service!
A family limited partnership is a taxable entity in Texas unless it meets the criteria of a passive entity under TTC 171.0003.
The annual franchise tax report is due May 15. If May 15 falls on a weekend or holiday, the due date will be the next business day.
The following penalties apply if Franchise taxes are paid after the due date:
A sole proprietorship that is not legally organized in a manner that limits its liability is not a taxable entity. A single-member limited liability company filing as a sole proprietor for federal income tax purposes is a taxable entity. TTC 171.0002(d).
Yes. A royalty interest in an oil or gas well is considered an interest in real property. Therefore, a non-Texas entity that owns a royalty interest in an oil or gas well in Texas is considered to own real property in Texas and is subject to the franchise tax unless it is a nontaxable entity.
You can ask any questions related to this service here. We will try to answer them soon! You can choose the option of "Post as Guest" below to post anonymously.