2015 South Carolina Code of Laws
Title 40 - Professions and Occupations
CHAPTER 68 - REGULATION OF PROFESSIONAL EMPLOYER ORGANIZATIONS
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.
HISTORY: 1993 Act No. 169, Section 1; 2005 Act No. 112, Section 1.
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