Texas PIR vs. OIR: What’s the Difference?

For many smaller businesses, that last point is now the most important one. Beginning with reports due on or after January 1, 2024, Texas discontinued the old No Tax Due Report for entities under the applicable revenue threshold. Those businesses may no longer have to file a franchise-tax computation report, but they usually still have to file the appropriate PIR or OIR.

Corporations, limited liability companies, limited partnerships, professional associations and financial institutions generally file the PIR. Other taxable entities, including associations, trusts and other entity types that do not fall into those categories, generally file the OIR. Both forms are tied to the Texas franchise-tax system, and either can remain required even when the business owes no franchise tax.

PIR vs. OIR at a glance

The filing rule is more useful than the form names. An LLC does not decide between PIR and OIR by asking whether it has owners; it files a PIR because Texas places LLCs in the PIR category. A trust does not file an OIR simply because “ownership information” sounds more relevant; it files the OIR because that entity type falls within the OIR rules.

Who files the Texas Public Information Report?

The Texas Comptroller requires the Public Information Report, Form 05-102, from taxable entities formed as corporations, limited liability companies, limited partnerships, professional associations and financial institutions that are organized in Texas or have Texas nexus.

For an LLC—the entity type most small-business owners are likely to encounter—this means the normal annual information form is the PIR, not the OIR. That remains true for a single-member LLC. Federal tax classification does not switch the company to the OIR simply because the LLC is disregarded for federal income-tax purposes.

The current form asks the filer to report relevant officer, director, member, general partner or manager information as of the date the report is completed.

Who files the Ownership Information Report?

The Ownership Information Report, Form 05-167, applies to taxable entities other than corporations, LLCs, limited partnerships, professional associations and financial institutions.

This group includes associations, trusts and other taxable entities that do not fall into the PIR categories. The form asks for information about general partners, trustees and persons or entities owning at least a 10% interest, depending on the organization involved.

This is why it is safer to identify the legal entity type first and then select the form rather than infer the form from the words “public” and “ownership.”

The main difference is entity type—not management versus ownership

A common online simplification says PIR = management information and OIR = ownership information. That can be a useful memory aid, but it is not a reliable filing rule.

The PIR does contain management and governance information, but it also contains ownership information. The form requires disclosure of certain corporations, LLCs, LPs, PAs or financial institutions in which the filer owns 10% or more, as well as certain entities that own 10% or more of the filer.

The OIR also contains ownership information, but its structure reflects partnerships, trusts, associations and other taxable entities.

The more accurate rule is: Texas assigns the PIR or OIR based primarily on entity classification; the information requested is then tailored to that type of entity.

What information is reported on a PIR?

The Public Information Report is broader than a simple list of managers. It includes taxpayer information, mailing address, principal office and principal place of business. It also requires the applicable officer, director, member, general partner or manager information as of the filing date.

For domestic LLCs, the Comptroller specifically instructs filers to report managers and, when the company is member-managed, the relevant members. The form also asks about ownership relationships involving qualifying 10% interests.

PIR information is forwarded to the Texas Secretary of State and relevant officer/director data can appear in the public Taxable Entity Search.

What information is reported on an OIR?

The OIR is structured around entity types that do not fit the PIR categories. It can require information for general partners of partnerships, trustees of trusts and persons or entities holding an ownership interest of 10% or more.

Unlike PIR information, ownership information on OIRs is confidential and is not displayed on the Comptroller’s website.

That confidentiality difference is meaningful, but it does not allow a business to choose the OIR to keep information private. The entity classification determines which form must be filed.

Does an LLC file a PIR or OIR?

An LLC generally files the Public Information Report, Form 05-102. That includes Texas LLCs and LLCs formed elsewhere that have the Texas nexus that creates the applicable franchise-tax reporting responsibility.

Our separate article Does an LLC Have to Pay Franchise Tax in Texas? explains the broader LLC franchise-tax rules, including when an LLC may owe $0 but still have to submit the PIR.

What does a partnership file?

The answer depends on the type of partnership. A limited partnership is in the PIR category under current Texas rules. Other taxable partnership structures can fall within the OIR category.

Older guidance can be misleading because professional associations and limited partnerships filed OIRs before 2016. Under current rules, both are among the entity types that file PIRs.

Do businesses below the No Tax Due Threshold still file PIR or OIR?

Generally, yes.

For the 2026 franchise-tax report year, Texas increased the No Tax Due Threshold to $2.65 million in annualized total revenue. An ordinary taxable entity at or below that threshold generally owes no franchise tax and no longer files the old No Tax Due Report. It does, however, still file the appropriate PIR or OIR unless an exception applies.

This change is one of the main reasons PIR and OIR filings deserve more attention than they did a few years ago. A qualifying smaller business may have only the PIR or OIR to file for the annual franchise-tax cycle.

When are PIR and OIR due?

Both reports follow the annual Texas franchise-tax due date, generally May 15. If the applicable due date falls on a Saturday, Sunday or qualifying legal holiday, the general Texas rule moves it to the next business day.

Entities whose circumstances require an extension should use the Texas franchise-tax extension process rather than assume a federal extension automatically changes the Texas information-report deadline.

Can the PIR or OIR be filed through Webfile?

Yes. Texas allows both reports to be filed through Webfile, and both can also be submitted by mail to the Comptroller.

For businesses under the No Tax Due Threshold that only need to submit the information report, Webfile can therefore be the entire annual franchise-tax filing process.

Does each member of a combined group file its own PIR or OIR?

Yes, when the member is organized in Texas or has the required Texas nexus. Each qualifying member of a combined group files a separate PIR or OIR.

This is easy to misunderstand because a combined group may submit a consolidated franchise-tax computation through the reporting entity. The information reports operate differently: each applicable member still has its own entity-specific information obligation.

Who does not have to file either report?

Several categories can fall outside the PIR/OIR requirement. These can include entities that are not organized in Texas and do not have the necessary Texas nexus, entities exempt from franchise tax, qualifying new veteran-owned businesses during their qualifying period and passive entities under applicable rules.

Being below the No Tax Due Threshold is not an exception to PIR/OIR filing.

Can you update the registered agent on the PIR or OIR?

No. A registered-agent or registered-office change must be made directly with the Texas Secretary of State. It cannot be accomplished simply by changing that information on a PIR or OIR.

Changes to officer or director information after a PIR has already been filed are handled differently and generally appear on the next annual PIR unless an amended filing is appropriate.

What happens if a PIR or OIR is filed late?

An overdue PIR or OIR does not currently trigger the ordinary $50 late-report penalty merely because that information report itself was filed late. That does not make the deadline unimportant.

Failure to file a required PIR or OIR can eventually lead to forfeiture of the entity’s right to transact business in Texas. Forfeiture can affect the entity’s ability to sue or defend in a Texas court, and certain owners or managers can face liability consequences under Texas law.

This is a good example of why “no late fee” and “no consequence” are not the same thing.

PIR vs. OIR: the practical decision

First determine the legal type of taxable entity. A corporation, LLC, limited partnership, professional association or financial institution generally files Form 05-102, the PIR. Other taxable entity types generally file Form 05-167, the OIR.

Then determine whether the entity has Texas filing responsibility. If it is organized in Texas or has the relevant Texas nexus, the annual information report ordinarily applies unless a specific exemption or exception covers the entity.

Finally, determine whether a separate franchise-tax computation report is also required. A business at or below the No Tax Due Threshold may only need the PIR or OIR. A business above the threshold may need the Long Form or EZ Computation plus the applicable information report.

Frequently asked questions

What is the difference between a PIR and an OIR in Texas?

The principal difference is which entity types file each form. Corporations, LLCs, limited partnerships, professional associations and financial institutions generally file the PIR. Other taxable entities generally file the OIR. PIR information is generally public, while OIR ownership information is confidential.

Does an LLC file PIR or OIR?

An LLC generally files the Public Information Report, Form 05-102.

Does a limited partnership file PIR or OIR?

A limited partnership currently files the PIR. Older guidance may say OIR because LPs and professional associations used the OIR before 2016.

Does a trust file PIR or OIR?

A taxable trust generally files the Ownership Information Report.

Is the PIR public?

Yes. Relevant PIR information can appear in the Comptroller’s Taxable Entity Search.

Is the OIR public?

The Comptroller states that ownership information reported on the OIR is confidential and is not displayed on its website.

Do I still file PIR or OIR if I owe no franchise tax?

Generally yes. An entity at or below the No Tax Due Threshold can owe no tax and still have to submit the appropriate PIR or OIR.

When are PIR and OIR due?

They are due on the annual franchise-tax report due date, generally May 15.

Is there a $50 penalty for filing only the PIR or OIR late?

The Comptroller currently states that there is no $50 penalty solely for late filing of a PIR or OIR. However, leaving the required report unfiled can lead to forfeiture consequences.

The form is determined by the entity, not by the name

The easiest way to avoid confusion is to stop interpreting the acronyms literally. A PIR is not simply the “management form” and an OIR is not a form that every business with owners chooses instead.

For many smaller businesses, the more important issue is making sure the information report is filed at all. An LLC below the No Tax Due Threshold may owe no tax and no longer file the old No Tax Due Report, but its PIR generally remains part of the annual Texas compliance cycle.

For a broader explanation of thresholds, rates and franchise-tax calculations, see Texas Franchise Tax 2027 Guide. LLC owners can also review Does an LLC Have to Pay Franchise Tax in Texas?. Businesses that need help with the filing itself can continue to Texas Franchise Tax.