This bill establishes a new requirement for "third-party filers," defined as individuals who receive compensation to file documents with the Secretary of State on behalf of business entities, to register with the Secretary of State after filing ten documents in a calendar year. The registration process includes submitting a notarized application with personal and business information, along with a valid state-issued identification. A registration fee, not exceeding $50, will be charged to cover administrative costs, and the Secretary of State is authorized to impose civil penalties of up to $500 for violations related to unregistered filings. Additionally, registered third-party filers must notify the Secretary of State of any changes to their application information.

The bill also mandates that the Secretary of State maintain the confidentiality of third-party filer registration records, releasing them only under specific legal circumstances. The Secretary of State is tasked with creating necessary rules and forms to implement the act, which is set to take effect on July 1, 2025, with certain sections becoming effective immediately upon the bill's passage.