1. Except as otherwise provided in this section, each professional employer organization required to be registered under this article shall provide the department with information required by the department on forms that the department specifies. At a minimum, professional employer organizations shall provide the following information:

1. (a) The name or names under which it conducts business;
2. (b) The address of the principal place of business of the professional employer organization and the address of each office it maintains in this state;
3. (c) The professional employer organization's taxpayer or employer identification number;
4. (d) A list by jurisdiction of each name under which the professional employer organization has operated in the preceding five years, including any alternative names, names of predecessors and, if known, successor business entities; and
5. (e) In the event the professional employer organization or the ultimate parent of a professional employer organization group is a privately or closely held company, the professional employer organization or professional employer organization group shall file a list of all persons or entities that own a five percent or greater interest in the professional employer organization at the time of application and a list of persons who formerly owned a five percent or greater interest in the professional employer organization or its predecessors in the preceding five years. In the event the professional employer organization or the ultimate parent of a professional employer organization group is a publicly traded company, the professional employer organization or professional employer organization group shall file a list of all persons or entities that own a fifty percent or greater interest in the professional employer organization or the ultimate parent of the professional employer organization group at the time of application.

5. A professional employer organization shall be exempt from the registration requirements specified in this section if such professional employer organization:

1. (a) submits a properly executed request for registration and exemption on a form provided by the department;
2. (b) is domiciled outside this state and is licensed or registered as a professional employer organization in another state that has the same or greater requirements as this article;
3. (c) does not maintain an office in this state or solicit in any manner clients located or domiciled within this state; and
4. (d) does not have more than twenty-five worksite employees in this state.