Bill > H3365

This bill, titled "Relative to Improving the Safety and Standards of Organizing a Business," proposes changes to how corporations and limited liability companies (LLCs) are established by requiring the state secretary to gather more information before approving their certificates of organization. Specifically, the bill mandates that the state secretary must collect all necessary licensure documents, including criminal offender record information for all employees, for any new corporation or LLC. Furthermore, the state secretary will establish a council to investigate applicants, their proposed business purposes, and other relevant facts, with the council having the authority to approve or disapprove the certificate after a public hearing, which applicants must fund and advertise. If the council disapproves, they must provide a detailed written explanation, and the state secretary will then refuse approval unless they find legal compliance issues. Applicants can appeal a disapproval to the superior court. Finally, the bill permits the state secretary to increase application fees to cover the administrative costs associated with these new requirements.