Will I lose control of my business?
No, not at all. You as the business owner, retain ownership of the company and control over its operations. As co-employers, Prosperity PEO and client will contractually share or allocate employer responsibilities and liabilities per our client service agreement (CSA). Prosperity PEO will assume many of the responsibilities associated with a “general” employer for purposes of administration of benefits and remittance of payroll and payroll taxes. Business owners continue to have responsibility for worksite safety and compliance. As Prosperity PEO will be responsible for remittance of payroll and employment taxes, and as Prosperity PEO also assumes responsibility for providing workers’ compensation coverage for enrolled employees, we may also provide assistance with safety and compliance. In general terms, the PEO will focus on employment-related issues, and the client will be responsible for the actual business operations.