S.C. Code § 40-68-80

Current through 2024 Act No. 225.
Section 40-68-80 - Licensing of multiple companies owned by same entity as professional employer organization group; joint liability

A group of at least two but not more than five professional employer organizations that are majority-owned by the same entity may be licensed as a professional employer organization group. A professional employer organization group may satisfy the reporting and financial requirements of the chapter on a consolidated basis. As a condition of the issuance of a professional employer organization group license, each person that is a member of the group must guarantee payment of all financial obligations of other members of the group.

S.C. Code § 40-68-80

2005 Act No. 112, Section 1; 1993 Act No. 169, Section 1.