Right to transact business in Texas indicates an entity's franchise tax account status. |
If Right to Transact Business is... |
Then... |
Active |
The entity's right to transact business in Texas is intact. |
Active, Eligible for Termination/Withdrawal |
The entity has met franchise tax requirements to file for termination or withdrawal with the Texas Secretary of State. |
Forfeited |
The entity's right to transact business in Texas is forfeited . |
Not Established |
The entity has not completed a franchise tax accountability questionnaire with the Comptroller.
|
Franchise Tax Ended |
The entity's franchise tax responsibilities ended because the entity has ceased to exist in its state or country of formation or has ceased doing business in Texas. |
Franchise Tax Involuntarily Ended |
The entity's registration or certificate was ended as a result of a tax forfeiture or an administrative forfeiture by Texas Secretary of State. |