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2021 Ohio Revised Code
Title 1 | State Government
Chapter 166 | Economic Development Program
Section 166.50 | Microbusiness Defined.
Universal Citation: Ohio Rev Code § 166.50 (2021)
Effective: September 29, 2017
Latest Legislation: House Bill 49 - 132nd General Assembly
"Microbusiness" means an independently owned and operated for-profit business entity, including any affiliates, that has fewer than twenty full-time employees or full-time equivalent employees and is located in this state.
For purposes of this section:
(A) "Full-time employee" means an employee who, with respect to a calendar month, is employed an average of at least thirty hours of service per week.
(B) The number of full-time equivalent employees for a calendar month is determined by calculating the aggregate number of hours of service for that calendar month for employees who were not full-time employees and dividing that number by one hundred twenty.
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