North Carolina S268 amends the North Carolina Professional Employer Organization Act to update financial requirements and licensure procedures.
North Carolina S268 amends the North Carolina Professional Employer Organization Act, affecting financial requirements and licensure procedures. The bill allows the Commissioner to accept audited financial statements prepared more than 90 days prior to submission, provided certain conditions are met. It mandates that applicants for a professional employer organization group license guarantee payment of all financial obligations of every other member.
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