The following must be included on your Texas PIR: The business name and taxpayer number. The Texas Secretary of State (SOS) file number or Texas comptroller file number. The mailing address on file. The address of the principal office (where records are kept), as well as the address of the principal place of business (where most day-to-day operations happen). The names, addresses, titles, and term expiration dates for each officer, director, manager, and member. The name and address of the registered agent. The names of any subsidiaries. For the purposes of a PIR, subsidiaries are def

In Texas, failure to file any required tax report by the due date incurs a $50 late fee, regardless of whether you owe any taxes or not.  But even more importantly, failure to file an annual report can have devastating consequences for your business. If you don’t file a PIR in Texas, you could forfeit your right to do business in the state, and any debts held by the business could become the responsibility of the owners, officers, directors, and managers.

While the name Public Information Report might be unique to Texas, the concept is not. Most states refer to this annual filing as an “annual report,” while some refer to it as a “yearly statement,” “statement of information,” or “annual business report.” Regardless of the name, an annual report provides basic information about a company, including its name, address, members, activities, and financial position over the reporting year. Besides being a regulatory requirement, annual reports provide the general public, including current shareholders and prospective investors, with insight into t