Tex.
Bus. Orgs. Code Section 152.806
Annual Report
(a)
Not later than June 1 of each year following the calendar year in which the application for registration as a limited liability partnership takes effect, a limited liability partnership that has an effective registration shall file with the secretary of state, in accordance with Chapter 4 (Partnerships), a report that contains:(1)
the name of the partnership; and(2)
the number of partners of the partnership as of the date of filing of the report or, in the case of any past due annual reports, the number of partners as of May 31 of each year that a report was due.(b)
Not later than March 31 of each year, the secretary of state shall provide to each limited liability partnership that had an effective registration as of December 31 of the preceding year a written notice stating that:(1)
the annual report and applicable filing fee are due on June 1 of that year; and(2)
the registration of the partnership shall be terminated unless the report is filed and the filing fee is paid on or before the date prescribed by Subsection (c).(c)
The registration of a limited liability partnership that fails to file an annual report or pay the required filing fee not later than May 31 of the calendar year following the year in which the report or fee is due is automatically terminated.(d)
A termination of registration under Subsection (c) affects only the partnership’s status as a limited liability partnership and is not an event requiring a winding up and termination of the partnership under Chapter 11 (Winding up and Termination of Domestic Entity).(e)
A partnership whose registration as a limited liability partnership is terminated under Subsection (c) may apply to the secretary of state for reinstatement of limited liability partnership status not later than the third anniversary of the effective date of the termination. The application must be filed in accordance with Chapter 4 (Partnerships) and contain:(1)
the name of the partnership;(2)
the effective date of the termination; and(3)
a statement that the circumstances giving rise to the termination will be corrected by filing an annual report and paying the filing fee for each year that an annual report was not filed, including the annual report and filing fee due that year.(f)
An application for reinstatement must be accompanied by a tax clearance letter from the comptroller stating that the limited liability partnership has satisfied all of its franchise tax liabilities under Chapter 171 (Franchise Tax), Tax Code.(g)
All annual reports and fees to be filed and paid as required by this section must be filed and paid concurrently with the filing of an application for reinstatement of limited liability partnership status.(h)
A reinstatement under Subsection (e) that is approved by the secretary of state relates back to the effective date of the termination and takes effect as of that date, and the partnership’s status as a limited liability partnership continues in effect as if the termination of its registration had never occurred.
Source:
Section 152.806 — Annual Report, https://statutes.capitol.texas.gov/Docs/BO/htm/BO.152.htm#152.806 (accessed Apr. 13, 2024).
