Tallahassee, FL (WorkersCompensation.com) - The Florida Legislature passed and Governor Rick Scott has signed into law CS/HB 941, which amends sections 440.02(9) and 440.05, Florida Statutes. Effective July 1, 2013, the law changes to include Limited Liability Company (LLC) members as employees. LLC members will be included on their Workers' Compensation insurance policy; however, they may elect to be exempt by filing a Notice of Election to Be Exempt with the Division of Workers' Compensation (Division).
These amendments will streamline the filing and processing of exemption applications. Highlights of CS/HB 941 include:
• Provides applicants the ability to electronically file their applications via a web-based system. • Eliminates the requirement for the application to be notarized; and • Eliminates the need to submit a copy of the stock certificate or documentation of ownership evidencing 10% ownership in a company.
Additionally, the legislative changes provide that all Certificates of Elections to be Exempt issued on or after January 1, 2013, are valid for 2 years after the effective date and, beginning July 1, 2013, non-construction limited liability members will be treated as corporate officers, and will be eligible to apply for an exemption.
On July 1, 2012, a new DWC Notice of Election to be Exempt web-based system will be available for applicants to electronically apply for or renew their Certificate of Election to be Exempt. This system will be convenient, easy to use, and will help reduce the number of errors that are filed with exemption applications.
To access the DWC Notice of Election to be Exempt system, simply go to www.myfloridacfo.com/wc and select the “Apply for an Exemption” icon.
The Division of Workers' Compensation will be hosting Webinars designed to explain the changes to the law. These Webinars are open to All Interested Parties, including Insurance Agents, Accountants, Business Advisors, and Members of Non-Construction Limited Liability Companies (LLCs). For Dates, Times, and How to Register, please visit www.MyFloridaCFO.com/wc/employer/index.html for the Flyer; or you may contact the Division at BocSeminars@MyFloridaCFO.com or call (813) 221-6518 with any questions
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