What Texas Form 05-167 (2013) Is For
Texas Form 05-167 (2013) serves as the Public Information Report supporting your Franchise Tax Report filed with the Texas Comptroller for annual franchise tax compliance. You use it to report ownership details, principal office data, and registered agent information required for taxable entities under business law during yearly filings.
The form applies to reporting companies, including limited partnerships and professional associations registered with the Texas Secretary of State. It supports beneficial ownership information disclosures aligned with the Corporate Transparency Act and the Texas Business Organizations Code, which governs ownership reporting statewide.
When You’d Use Texas Form 05-167 (2013)
You file Form 05-167 when submitting annual Texas franchise tax reports that require ownership disclosures tied to total revenue thresholds or combined group status rules. It accompanies a Public Information Report filed with the Texas Comptroller for reporting companies alongside a Franchise Tax Report or No Tax Due Report submission.
You update Form 05-167 after ownership changes, amended filings, or registered agent updates affecting records maintained by the Secretary of State. You also use the Texas Ownership Information Report when aligning ownership details under the Texas Business Organizations Code with Form 05-177, Form 801, and filings.
Key Rules or Details for 2013
For tax year 2013, you followed Texas Tax Code ownership disclosure standards when completing Form 05-167 within the required Public Information Report. You reported ownership details for taxable entities, including limited partnership interests, ensuring that the records matched the requirements of the Secretary of State and the Texas Business Organizations Code exactly.
Ownership data also had to align with Form 05-177, Form 801, and the Texas Ownership Information Report for combined group or common owner structures. Inaccurate information risked penalties under Texas law and delayed processing, including reviews by the Office of the Texas Attorney General, which handles business law compliance matters.
Step-by-Step (High Level)
- Step 1: Access your Texas Comptroller eSystems using your taxpayer number to begin the Public Information Report for reporting companies under business law rules.
- Step 2: Select the Texas Ownership Information Report for Form 05-167 and confirm total revenue, combined group, or common owner status.
- Step 3: Enter company information, registered agent data, and ownership details consistent with Texas Secretary of State records.
- Step 4: Review beneficial ownership information for beneficial owners, ensuring compliance with the Corporate Transparency Act standards for both domestic reporting companies and foreign reporting companies.
- Step 5: Attach all required supporting items and review entries carefully to avoid upload errors or incorrect entries during submission.
- Step 6: Submit filings through the BOI E-Filing website, retain confirmations, and reference Form 05-177, Form 801, or Form 05-391 if needed.
Common Mistakes and How to Avoid Them
You experience delays when you submit ownership filings containing preventable procedural mistakes. Clear identification and correction improve accuracy and approval outcomes.
- Ownership mismatch: An ownership mismatch occurs when ownership details conflict with the records maintained by the Texas Secretary of State. You must reconcile public information and internal records before submitting the Texas Ownership Information Report.
- Missing beneficial ownership information: This occurs when required owner fields are left incomplete. You must enter the data of beneficial owners in a manner consistent with the standards outlined in the Corporate Transparency Act.
- Incorrect report selection: This mistake occurs when you choose the wrong filing based on total revenue or combined group status. You must confirm whether Form 05-177 or Form 801 applies. Outdated Registered Agent details: This error occurs when the Registered Agent records do not match the current filings. You must update the registered agent information before submission.
- Late electronic submission: This mistake occurs when you submit filings after the applicable deadline. You must submit early and retain confirmation from the BOI E-Filing website.
What Happens After You File
After you file, the Texas Comptroller reviews ownership information for completeness, accuracy, and consistency with the Public Information Report and Secretary of State records statewide. Approved filings update Public Information and Texas Ownership Information Report records linked to your account, with timing affected by filing deadlines and seasonal volume periods.
When issues appear, you receive notices requesting amended filings, clarification documents, or Beneficial Ownership Information consistent with the Corporate Transparency Act requirements for reporting companies. You should retain copies for business law compliance, possible attorney general review, verification on the BOI E-Filing website, and other reviews as required later.
FAQs
What is Texas Form 05-167 used for?
You use it to report ownership details within the Public Information Report supporting a Franchise Tax Report filed with the Texas Comptroller for taxable entities. This reporting ensures public information remains accurate.
Who must file the Ownership Information Report?
You must file if you are a taxable entity, including a limited partnership or a professional association registered with the Texas Secretary of State. This applies regardless of industry or business structure.
When do you submit Form 05-167?
You submit it with your annual franchise tax filings, following the deadlines set by the Texas Comptroller for reporting companies based on their total revenue.
What owner information must you report?
You report beneficial owners' details, including full legal name and address, consistent with Beneficial Ownership Information under the Corporate Transparency Act.
What happens after you file incorrect information?
You may need to submit amended filings and verification through the BOI E-Filing website, which may involve review by the attorney general or the complaint form process. You should retain records for business law compliance and future reviews.
