Sole Member LLC Two calendars for a Texas member.

Two calendars, and the member still signs

We do not keep a room in the Texas town where the shop sits, and we will not describe your street as if the call had been a visit. Readers outside Dallas and Fort Worth are Texans on this page, with a practice that sits in Dallas. A one-person company anywhere else in Texas still gets the close on the same day, on a video call, with the books open where we can both see them.

A limited liability company with a single owner is often disregarded for federal income tax. The bank account can be in the company name, the lease can be in the company name, and Texas can still expect a franchise report. What changes is where the profit is taxed. The profit is taxed to the person who signs.

Self-employment tax is the Social Security and Medicare tax on net earnings when no employer withheld them. That tax rides on the personal return. It is not a franchise fee, and forming the company does not send a separate invoice from Texas for that same profit.

We keep those two facts in separate sentences so nobody pays one of them twice or skips the one that still exists. The personal estimates stay on the person's calendar. The franchise report, if the company has one, stays on its own date in May. Do not fold it into the personal estimate and call both of them done. They answer to different agencies. Do not assume a franchise extension moved your personal estimates, or the other way around.

Places Texans already know, and we are not standing in them

El Fenix has served a Wednesday enchilada in Dallas since 1918. We are not at that table. We split that kind of ticket the same way we split a shop night. The plate can be a shop meal. Cash the member takes home is a draw, and the two do not share a line on the books.

December can turn cold in a week, which is when the Dallas Marathon usually loops White Rock Lake. We do not have to run it, and this call does not put us on that lake path. The date we watch is the member's last estimate, which often falls in January, after the holidays, when the shop is quiet again.

Fair Park stays loud for twenty-four days after the last Friday of September. That is the State Fair of Texas, and September is also the month that fair usually opens. We count ourselves in that Texan crowd, and we are not holding tickets. A louder month of sales still closes on the usual day. The close date does not move to match the midway.

On North Bishop Avenue the owner is often the person turning the lock. Any Texan can love Bishop Arts. We count ourselves among them, and we are not on that sidewalk when the lock turns. We ask whether the day's sales reached the bank before the month was called finished.

October is a good month to read the year you still have, while there is time to change how it ends.

Dallas Market Center on Stemmons holds wholesale markets through the year, the kind of week a small maker lives inside. Any Texan who sells into a show week knows the receipts pile up. We are not walking those aisles. We still want the month to close after the show, on the date you already picked, not when things calm down.

Most of the masonry at Fair Park dates from the 1936 Centennial, and any Texan can still feel that fair in the buildings. We are not counting those bricks from the lawn. Old walls like those make us start counting remaining life and what the books would carry. You see the company you built. We also see the account it sits in.

We are Texans, working with owners who live in other parts of the state. A cold front does not stop at a county line, and the books do not care which side of that front you file from. If that front is over your field, we are on the video call and the month still has a close date.

What the Comptroller still wants after the federal name

A limited liability company formed in Texas or doing business in Texas is generally a taxable entity for franchise tax, and a single owner does not erase that. The Comptroller generally wants that report in the middle of May, and the usual date people mean is the fifteenth of May, on a different calendar from the personal return. The company is the one that files. Our part is the franchise report drawn from those finished months.

For the 2026 report the Comptroller's no-tax-due line is two million six hundred fifty thousand dollars of the revenue measure they define. Being under that line is not the same thing as skipping the report. We read the current instructions with your numbers rather than trusting a memory. When a threshold shows up on this page, the Comptroller's page is named in the same sentence.

Texas is a community property state, and spouses who both own a company have a filing choice that single owners do not. That choice is for people who are actually owners. We do not apply it to a spouse who was never admitted as a member. If both of you are members, tell us before a return goes out. The federal shape can change. Help in the shop is still not membership.

A franchise report is the company's report. It is not the personal signature, and it is not a substitute for it. Both can be due. We keep a list so one signature is not asked to cover two agencies. The member still signs the disregarded return. The company name can sit on the bank account while that signature stays personal.

The personal return, and the Texas report when the company has one, are both part of the year we will name out loud. Books that can close sit under both of them. A monthly read is how the year stops being news in April and again in the middle of May.

One picture of a longhorn and a calf is used only on this page. The national pages show a person at a laptop or the first page of a federal form. They do not borrow a Texas place as decoration. A sentence here stays only while it still matches the Comptroller's franchise pages or the IRS pages for the personal return. If the Comptroller or the IRS changes a printed figure, we take the sentence that carried it off this page.

On this page Steven Palmieri stays in the Tax CFO role, and the Entrepreneur's CFO name is the same practice when the close and the member's return share a year. The phone is answered by Steven and his team, the same people who read the month. If the call ends because the franchise report is the only Texas paper still open, we will say that and stop.