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An entity forfeited under the Tax Code can reinstate at any time (so long as the entity would otherwise continue to exist) by (1) filing the required franchise tax report, (2) paying all franchise taxes, penalties, and interest, and (3) filing an application for reinstatement (Form 801 Word 178kb, PDF 87kb),
How long does it take the Texas SOS to reinstate an LLC? The Texas Secretary of States office typically processes filings in 5-7 business days. Expedited filings are usually processed in 1-2 business days.
How Much Will It Cost To Reinstate? LLC The filing fee for reinstating an administratively dissolved LLC in Texas is $75. Expedited service requires an additional $25. Corporation An administratively dissolved corporation in Texas has to pay $75 in order to be reinstated.
Forfeited Existence - An inactive status indicating that the corporation or limited liability company failed to file its franchise tax return or to pay the tax due thereunder. Status is changed by secretary of state when certification of the delinquency is received from the comptroller of public accounts.
Does a single-member LLC pay franchise taxes in Texas? An LLC doing business in Texas will owe state franchise taxes if the LLCs annualized total revenue exceeds the threshold set by the State ($2,470,000 for 2024).
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Your business must be in good standing with the Secretary of State (SOS) to revive your business entity. To revive your business, you must file one of the following forms: Application for Certificate of Revivor Corporation (FTB 3557 BC) Application for Certificate of Revivor Limited Liability Company (FTB 3557 LLC)
The Franchise Tax Accountability Questionnaire allows you to update your entitys information with us online. This includes providing a mailing address, as well as establishing the tax responsibility beginning date and determining the first report due date for non-Texas entities.