South Carolina § 40-68-80 Licensing of multiple companies owned by same entity as professional employer organization group; joint liability.

South Carolina Statutes

§ 40-68-80 — Licensing of multiple companies owned by same entity as professional employer organization group; joint liability.

South Carolina § 40-68-80

Title 40PROFESSIONS AND OCCUPATIONS

Ch. 68REGULATION OF PROFESSIONAL EMPLOYER ORGANIZATIONS

This text of South Carolina § 40-68-80 (Licensing of multiple companies owned by same entity as professional employer organization group; joint liability.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 40-68-80 (2026).

Text

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.

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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.