Bill > SB600

This bill enacts new provisions relating to professional employer organizations (PEOs) in Missouri. The key provisions are: 1. Defines terms related to PEOs, such as "client," "coemployer," "coemployment relationship," "covered employee," and "professional employer agreement." 2. Requires PEOs operating in Missouri to register with the Secretary of State, providing information about their business and finances. Establishes a process for initial registration, annual renewal, and limited registration for out-of-state PEOs. 3. Specifies that PEOs must maintain either positive working capital or provide a bond or other security to the Secretary of State. 4. Outlines the rights, duties, and obligations between PEOs, clients, and covered employees in a coemployment relationship. 5. Addresses various tax and regulatory considerations related to PEOs, including workers' compensation coverage and requirements. 6. Provides penalties for knowingly operating as a PEO without registration or providing false information. Overall, the bill establishes a regulatory framework for PEOs operating in Missouri, with the goal of protecting workers and ensuring accountability for these employment service providers.

Budget and Finance, Business and Industry, Government Affairs, Justice, Labor and Employment

https://www.senate.mo.gov/18info/BTS_Web/Bill.aspx?SessionType=R&BillID=69471868