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Updated almost 7 years ago,
Which NAICS Code to use when filing TX franchise tax with LLC?
Which NAICS code is used when filing the TX franchise tax annual report if the LLC only invests in multifamily\apartment syndication deals? These syndication deals are SEC compliant securities. Haven't received any distributions yet because it's a somewhat new entity.
The LLC doesn't actually own the property or manage any leases. It's just an entity that passively invests.