Tax Strategy, CFO Insights & NIL Finance for Founders and Athletes

Your Texas business status shows forfeited. Before you do anything else, you need to know which agency is showing the status, what label you are actually looking at, and what the difference between Comptroller forfeiture and Secretary of State forfeiture means for your fix. Here is exactly what to do in the first 24 hours.

A forfeited Texas LLC or corporation is no longer authorized to operate, sign contracts, or sue in Texas. This step-by-step guide explains exactly how to reinstate a forfeited Texas business including identifying missing filings, preparing franchise tax reports, and requesting reinstatement with the Texas Comptroller.

A forfeited Texas business loses its right to operate, sign contracts, and sue in Texas courts. Officers and directors can be held personally liable for debts incurred after forfeiture. Most forfeitures are fixable quickly once missing franchise tax reports are filed. Here is exactly what happened, what is at risk, and the six-stage process to restore good standing.