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Hello and thank you for using Just Answer,The Texas franchise tax is a privilege tax imposed on each taxable entity chartered/organized in Texas or doing business in Texas. Your organization is certainly doing business in Texas based on your stated information.The Texas website has a calculator that is so simple to navigate.I entered your $100,000 and it calculated Franchise tax $700, but I also assumed all your revenue was Texas so the apportionment might be off for you.The best way for you to see how Texas calculates this is to use this linkhttp://www.window.state.tx.us/taxinfo/taxforms/HB3Calc.pdfYou will see that it is a simple form as the calculations are completed for you when you enter advance through the form.
An easy estimate for the Franchise tax for foreign entities doing business in Texas would be Total Revenue(not just Texas) x Apportionment Factor (Texas Revenue divided by All Revenue) x 0.00575
I hope this is helpful
The Texas Comptroller's office is always very helpful and you can call them if you ever have a question.
Thanks. So we'll need to track the sales from Texas residents going forward, right?
Your percentage is based on that
Your positive rating is always thanks enough.
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