The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas. This research guide includes information and resources on Limited Liability Companies, or LLCs.A limited-liability company, also called a limited liability. Corporations file Schedule M-3 (Form 1120) to answer questions about their financial statements and reconcile financial statement net income (loss) You will need to apply using form AP-201, Texas Application (PDF). Application for 1-d-1 (Open-Space) Agricultural Use Appraisal. What should I bring? The Tax Department is streamlining withholding tax and wage reporting forms and Web File applications. Residents can use this helpful step-by-step instruction guide to get their small business started in Fort Worth.