Texas Franchise Tax Returns Due November 15

This is a friendly reminder from the professionals at BW James that all Texas Franchise Tax Return Forms are due on Friday, November 15, 2013.

The Texas Franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas.  Any corporation doing business within the state of Texas will be required to pay franchise tax.  This includes corporations, banking corporations and association, limited liability companies and S-corporations.  In Texas, sole proprietorships and some non-profit companies may be exempt.  To determine if your corporation, association or limited liability company is required to pay franchise tax, BW James is available for consulting.

For more information about the professionals at BW James visit http://www.bwjames.com