Ohio Workers comp ?

Discussion in 'Business Operations' started by silverado212, Feb 13, 2010.

  1. silverado212

    silverado212 LawnSite Senior Member
    Posts: 373

    Thanks guys I appreciate the info. Finally got a break from the white death.Haven't been able to get on in a couple days.
     
  2. hammanservicesllc

    hammanservicesllc LawnSite Member
    Posts: 24

    Silverado, how much is the workers comp for the owner of a LLC/Sole Proprietor going to cost? Is it on $50 per 6 months?
     
  3. silverado212

    silverado212 LawnSite Senior Member
    Posts: 373

    Yes $50 every 6 months for elective coverage.
     
  4. starry night

    starry night LawnSite Silver Member
    Posts: 2,678

    C'mon. We already established that it is based on payroll. Are you sure that your premium will be only $50? I still think you have some misinformation on that. I would be glad to know if I'm wrong.
     
  5. silverado212

    silverado212 LawnSite Senior Member
    Posts: 373

    Was told by a CPA that a sole proprietor can elect coverage at $50 every six months. A friend of mine looked into it and read the same thing. My wife is going to call and try and get some answers.Just was curious if anyone on here had been through this.
     
  6. wingetlawncare

    wingetlawncare LawnSite Member
    Posts: 43

    I have coverage on my self and I paid over $250 last year just for my self
     
  7. starry night

    starry night LawnSite Silver Member
    Posts: 2,678

    There it is ! I knew that $50 amount didn't sound right. I wondered if you were still following this thread, winget. BTW, I'm curious about your location in Sandusky County. Answer here if you like or PM me or no offense taken if you don't answer at all.
     
  8. silverado212

    silverado212 LawnSite Senior Member
    Posts: 373

    I just found the Minimum/Maximum rates for sole proprietors electing coverage. $388 min. per week and alittle over $1000 max. per week. If no payroll, then you are supposed to enter your net income. Private employers with no payroll have to pay a minimum of $50 twice a year. Public employers have to pay $100 minimum annually. I am gonna talk to my accountant and get a better grip on this.
     
  9. wingetlawncare

    wingetlawncare LawnSite Member
    Posts: 43

    I am located in Bellevue, On the four county divider. We are considered the ones without the voice because our city is not far enough into one county for our vote or voice to matter lol... You?
     
  10. starry night

    starry night LawnSite Silver Member
    Posts: 2,678

    I don't want to take up this thread with chit-chat but I don't think you have enough posts to send or receive PM's yet. I'm from Clyde originally and my wife is from Bellevue. We're older so you wouldn't recognize the names. We lived in Fremont for 30 years and now in Findlay for 10 years.

    I'm still eager to hear what silverado finds out about his Workers Comp premium.
     

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