LLCs must file franchise tax in certain states because it’s a required fee for the right to do
business, even if the company isn’t making a profit. Filing ensures compliance with state laws
and keeps the business legally active.
Each state has different deadlines. In Texas, the franchise tax report is due by May 15th, with
a $50 penalty for late filing and additional interest on unpaid taxes. California requires a
minimum $800 franchise tax, and missing the deadline leads to fines and interest.
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