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Texas Franchise Tax  Form

Texas Franchise Tax Form

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Instructions and help about Texas Franchise Tax

what's up guys it's Ron from ronro law and in this video we're going to show you how to file a 2024 reporting obligation for the State of Texas if you have an LLC a Corp a limited partnership there are new changes for 2024 okay the legislature in 2023 passed Senate Bill 3 which changed the obligations if you follow this Channel or if you've had a business for a few years you historically have been required to file two separate online reports one of them is a franchise tax form and the other is a public information a p report now in 2024 there's going to be a completely different requirement the no tax due threshold is $2.47 million so if your company or your group of companies gross Topline Revenue below 2.4 million you don't owe any tax and you don't have to file a franchise tax return swearing no tax due I think this is going to be a great change all you have to file now is P watch this and I'm going to take you through

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