Texas Corporation Requirements

After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Texas corporations.

Texas corporate records

Texas corporations must keep the following items with their corporate records at the principal office:

  • Books and records of accounts
  • Minutes of director and shareholder meetings
  • A list of both current and past shareholders, including names and mailing addresses outlining the number and class of shares held by each
  • A stock transfer ledger detailing the original issuance of shares and each transfer thereafter

Texas corporate taxes and fees

The following are taxation requirements and ongoing fees for Texas corporations:

  • Annual report and franchise tax. For taxable entities with a beginning date of October 4, 2009, or later, both the first annual report and payment of the tax due, if any, are due no later than May 15 of the year following the year the entity became subject to the tax (i.e., the beginning date). On an annual basis going forward, the franchise tax report must be filed and the tax paid no later than May 15 of each year. Entities filed prior to October 4, 2009, may wish to discuss taxes and fees with the Texas Comptroller of Public Accounts Office.
  • Taxes. For complete details on state taxes for Texas corporations, visit Business Owner's Toolkit or the State of Texas.
  • Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
  • State tax identification number. Texas does not require a state tax identification number.

Texas business licenses

Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.

S corporation election

Texas recognizes the federal S corporation election and does not require a state-level S corporation election.

Additional Texas information

View the following additional resources BizFilings has for forming and maintaining companies in Texas: