23-567. Limited registration; fee

A. Notwithstanding section 23-564 or 23-565, a professional employer organization may file a limited registration with the secretary of state on a form prescribed by the secretary of state if all of the following apply:

1. The professional employer organization is domiciled outside of this state and is licensed or registered as a professional employer organization in another state that has requirements that are substantially similar to the requirements under this article.

2. The professional employer organization does not maintain an office in this state.

3. The professional employer organization does not directly solicit clients located or domiciled in this state.

4. The professional employer organization does not have more than fifty covered employees who are employed or domiciled in this state on any given day.

B. A limited registration shall be valid for one year and shall be renewed annually within one hundred eighty days of a registrant's completed fiscal year. Each professional employer organization shall pay a limited registration fee established by the secretary of state when the limited registration is filed or renewed with the secretary of state.

C. If a professional employer organization seeks to file a limited registration with the secretary of state, the professional employer organization shall provide the secretary of state with sufficient information and documentation that indicates that the professional employer organization qualifies for a limited registration.