The Texas Annual Report of a Limited Liability Partnership (LLP) is a document that must be submitted annually to the Texas Secretary of State in order to keep the LLP in good standing with the state. It is a statement of the financial condition, ownership, and management of a limited liability partnership. This report must be filed within four months of the end of the partnership’s fiscal year. The report must include: the LLP’s name, address, and registered agent; the names and business addresses of each partner; the name and address of the registered agent for service of process; a statement of the nature of the business; the amount of capital contributions and distributions made during the year; a statement of the financial condition of the LLP; a list of all liabilities and obligations incurred during the year; and a list of all assets acquired and disposed of during the year. There are two types of Texas Annual Reports of a Limited Liability Partnership: Initial Report and Annual Report. The Initial Report must be filed within 90 days of the formation of the LLP and includes the same information as the Annual Report. The Annual Report must be filed annually with the Texas Secretary of State.
Texas Annual Report of A Limited Liability Partnership
Description
How to fill out Texas Annual Report Of A Limited Liability Partnership?
US Legal Forms is the most simple and cost-effective way to find suitable formal templates. It’s the most extensive online library of business and individual legal paperwork drafted and verified by lawyers. Here, you can find printable and fillable templates that comply with federal and local regulations - just like your Texas Annual Report of A Limited Liability Partnership.
Obtaining your template takes just a few simple steps. Users that already have an account with a valid subscription only need to log in to the website and download the document on their device. Later, they can find it in their profile in the My Forms tab.
And here’s how you can get a professionally drafted Texas Annual Report of A Limited Liability Partnership if you are using US Legal Forms for the first time:
- Look at the form description or preview the document to ensure you’ve found the one meeting your needs, or locate another one using the search tab above.
- Click Buy now when you’re certain about its compatibility with all the requirements, and select the subscription plan you like most.
- Register for an account with our service, log in, and pay for your subscription using PayPal or you credit card.
- Decide on the preferred file format for your Texas Annual Report of A Limited Liability Partnership and save it on your device with the appropriate button.
After you save a template, you can reaccess it at any time - just find it in your profile, re-download it for printing and manual completion or import it to an online editor to fill it out and sign more effectively.
Benefit from US Legal Forms, your trustworthy assistant in obtaining the corresponding formal documentation. Try it out!
Form popularity
FAQ
Texas LLC Filing Requirements For example, Texas single member LLCs do not need to file an annual report. You will be required, however, to submit an annual franchise tax report. In general, single member LLCs are pass-through entities, which means the organization itself does not pay taxes.
How do I submit my documents to the secretary of state for filing? Online: SOSDirect (electronic filing of many, but not all, types of documents) Fax: (512) 463-5709. Mail: Corporations Section. P. O. Box 13697. Austin, Texas 78711-3697. Delivery: James Earl Rudder Office Building. 1019 Brazos. Austin, Texas 78701.
Unlike most states, Texas does not require LLCs to file annual reports. Despite this, LLCs in the state of Texas are required to file annual franchise tax reports. In other states, the fees for filing an annual report range between $50 and $400.
A notice to file the LLP annual report is sent by the secretary of state no later than March 31 of the current report year. Nonprofit corporations (Texas and foreign) are required to file a periodic report with the secretary of state upon receiving notice, but not more than once every four years.
Unlike most states, Texas does not require LLCs to file annual reports with the Secretary of State. However, LLCs must file annual franchise tax reports (see below).
Information Reports: Corporations, LLCs, Limited Partnerships, Professional Associations and financial institutions must file the Public Information Report (PIR). All other entity types must file the Ownership Information Report (OIR).
Unless exempt, limited partnerships in Texas are subject to the state's franchise tax and must submit a tax filing each year, even if not tax is owed. A Public Information Report must be submitted as well, providing information on all general partners.
An annual report is a mandated summary of basic business information required by most states, including Texas. While most of the information in the annual report is technical, it is still a required annual filing if you form an LLC in Texas.