The bill addresses the management and compliance of domestic and foreign limited liability companies (LLCs) and corporations within the jurisdiction. It highlights the Division's efforts in notifying a significant number of entities—38,821 LLCs and 15,624 corporations—about their delinquency in filing annual reports. This initiative resulted in the filing of 36,485 annual reports, generating a total revenue of $14,241,725.00. Additionally, the Division took action to dissolve or revoke 25,920 LLCs and 11,071 corporations as of December 31, 2024, which further contributed to revenue through reinstatement filing fees.

As of March 1, 2025, the Division has also notified 21,596 non-profit corporations regarding their delinquency, leading to 6,074 annual reports filed and generating $91,110.00 in revenue. The total revenue generated from the dissolution and revocation projects for fiscal year 2025 amounts to $17,256,710.00. This bill emphasizes the importance of compliance and the financial implications of maintaining proper filings for corporations and LLCs.