Professional Employer Organization - PEO Review and Commentary
State of Texas Proposes Updates to Staff Leasing Regulations

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Article Title: State of Texas Proposes Updates to Staff Leasing Regulations - Source: State of Texas - 11/2/2009

Texas is considering amending the law regarding employee leasing companies requirements for "net worth" of the PEO to "working capital" among other changes. - Proposed rule 72.40 details the proof of net worth requirements for staff leasing services companies, which are set out in general terms in the statute and which are critical for ensuring the performance of the companies’ obligations to their clients and assigned employees. The proposed rules explain the options for demonstrating net worth that are available to staff leasing services companies. They detail the general requirements that are applicable to all options and the specific requirements that accompany each option.

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