Section 1 of the bill directs the secretary of state to implement enhancements to the on-line business filing system, including enhancements to user accounts and for registered agents and records management, certifications, the integration of business documents with charitable solicitation documents, and greater search functionality.
Sections 2 through 6 authorize a registered agent to become a "commercial registered agent", which allows a registered agent to file documents relating to multiple entities, thus saving the registered agent time and reducing filing fees. Section 7 allows a reporting entity to change its anniversary month when it files a periodic report, its organic organizational document, or a restatement of its organic organizational document.