North Carolina § 58-89A-35 - License required; professional employer organization groups.

§ 58-89A-35. License required; professional employer organization groups.

No person shall engage in or offer professional employer services in this State unless the person holds a license issued under this Article. Two or more professional employer organizations that are controlled by the same ultimate parent, entity, or persons may be licensed as a professional employer organization group. A professional employer organization group may satisfy the reporting and financial requirements of this Article on a consolidated basis. As a condition of licensure as a professional employer organization group, each professional employer organization that is a member of the group shall guarantee payment of all financial obligations of every other member. Notwithstanding the definition of "person" in this Article, whenever two or more entities combine to seek issuance of a single license under this Article, the requirements for group licensure under this subsection shall be met before issuance of a license and any license issued will be a group license issued pursuant to this subsection. History (2002-168, s. 8; 2004-162, s. 1.) Editor's Note. - The historical citation for former G.S. 58-89-15 has been incorporated in this section, as subsections (a) and (b) of former G.S. 58-89-15 were similar to this section.