The House Small Business Committee held a hearing to determine whether businesses are considered single or multiple entities under the health care reform law, and the compliance ramification for multi-owner business ownership.
"As we are all aware, the new health care law requires businesses that employ 50 or more employees who work an average of 30 or more hours per week, full-time’ in the law’s definition, to offer health insurance or pay a penalty,” said Rep. Chris Collins, R-N.Y., who chaired Wednesday’s hearing of the House Committee on Small Business. “A critical [issue] with the law is the definition of employee,’ but equally important is the issue of which—and how many—employees are attributed to a business. The answer may be simple for one business with a single owner. However, when an individual shares ownership of multiple entities, or when a business has multiple owners, the answer is less clear.”
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