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Each taxable entity formed as a corporation, limited liability company (LLC), limited partnership, professional association and financial institution that is organized in Texas or has nexus in Texas must file Form 05-102, Texas Franchise Tax Public Information Report (PIR) annually to satisfy their filing requirements.
If you are conducting business in Texas, it is likely you will have to register your business with the State Comptroller. Depending on the type of business you conduct, you may also be required to obtain a permit, collect and or pay tax, and file tax returns.
Each entity on the Affiliate Schedule indicated as an entity other than a Corporation or LLC needs to file an Ownership Information Report (OIR) (Form 05-167).
Entities Not Subject to Franchise Tax The following entities do not file or pay franchise tax: sole proprietorships (except for single member LLCs); general partnerships when direct ownership is composed entirely of natural persons (except for limited liability partnerships);
A Form E filing certifies that your Liability insurance complies with the states financial responsibility laws. Form E is submitted to the department of your businesss home state that regulates intrastate trucking.
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In addition to meeting economic nexus thresholds, if a business has employees, an office, or a warehouse located in Texas and is selling taxable goods and/or services, the business must collect sales taxes on all taxable transactions, file returns, and pay the appropriate amount to the state.

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