LaborLawCenter.com - Ohio Application for Voluntary Successorship. Transfer of Clearly Segregable & Identifiable Portion

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Ohio Application for Voluntary Successorship. Transfer of Clearly Segregable & Identifiable Portion

SKU: FFOH080 |

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Product Description

If an employer acquires a clearly segregable and identifiable portion of a trade or business and employs substantially the same individuals who immediately prior to the acquisition were employed in the segregable and identifiable portion, the employer may be assigned a proportionate share of the predecessor's account by filing an application, signed by both the transferor and transferee within 90 DAYS of notice to the transferee that the request may qualify for a transfer of experience. This is voluntary under the law and under this type of transfer, the successor-in-interest assumes only the resources and liabilities of the transferor's account, including the employment experience, that is attributable to the segregable and identifiable portion transferred.

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