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Tag: Account Status
Final Franchise-Tax Filings When You Close a Texas LLC
Final Franchise-Tax Filings When closing your Texas LLC, the final franchise-tax filing is critical to avoid penalties, interest, or future liens. This “final report” notifies the Comptroller that your business has ceased operations and ensures no outstanding tax liabilities remain. Relevant Tax Code References Texas Tax Code §171.255(d) requires a final franchise-tax report and payment […]
Dissolving a Texas LLC: Certificate of Termination Step-by-Step
Dissolving a Texas LLC Properly dissolving your Texas LLC protects you from future tax liabilities, fees, or compliance requirements. Filing a Certificate of Termination with the Secretary of State (SOS) and settling final franchise tax obligations are essential steps to formally wind down your entity. Relevant Code References Texas Business Organizations Code §11.056 (Certificate of […]