OH HB216

Establishes financial capacity requirements for professional employer organizations (PEOs), including mandatory positive working capital maintenance and bonding/letter of credit requirements to cover deficits

Clarifies that client employers retain sufficient direction and control of shared employees to conduct business, ensure quality/safety, meet fiduciary responsibilities, and comply with regulatory requirements, while limiting PEO liability for acts occurring under client employer direction

Prohibits PEOs from coemploying independent contractors and requires client employers to maintain sole responsibility for proper worker classification

Grants client employers entitlement to tax credits and economic incentives based on shared employee employment, with shared employees counted only toward the specific client employer's benefit

Requires PEOs and professional employer organization reporting entities to register with the Ohio Bureau of Workers' Compensation, maintain detailed financial statements audited by certified public accountants, and file quarterly reports with the tax commissioner listing client employer information