Each taxable entity formed or doing business in Texas must file and pay a Franchise Tax (this includes Corporations, LLC, and Partnerships).
The Franchise tax is based on the entity’s “margin”. The taxable entity’s margin and is computed in a few ways. Check out this Overview from the Texas Comptroller.
Per the information from the Texas Comptroller: No Tax Due Threshold: $2,470,000
More information can be found HERE
The Annual Franchise Tax Report is due by May 15th each year.
Thanks for allowing us to guide you –