Eliminate fingerprint background check requirements for professional employer organization

Eliminated the requirement for applicants and controlling persons to submit fingerprint cards to the department of justice, though criminal background checks remain required.

Changed fingerprint card handling so the department of justice must promptly destroy fingerprint cards after receiving criminal background check reports.

Added specific standards for different entity types including requirements for partnerships to provide partner information and partnership agreements, and for corporations/LLCs to list officers, directors, shareholders, and owners with 5%+ interest.

Established a $50,000 tangible accounting net worth requirement for unrestricted PEO licenses, evidenced by independently audited financial statements.

Added requirements for groups to guarantee payment of financial obligations for all member organizations within the group.

Set application fees at $750 for unrestricted licenses and $500 for restricted licenses.