Section 166.50 — Microbusiness defined.
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/oh/title-1-state-government/chapter-166-economic-development-program/166-50·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
"Microbusiness" means an independently owned and operated for-profit business entity, including any affiliates, that has fewer than twenty full-time employees or full-time equivalent employees and is located in this state.
For purposes of this section:
(A)"Full-time employee" means an employee who, with respect to a calendar month, is employed an average of at least thirty hours of service per week.
(B)The number of full-time equivalent employees for a calendar month is determined by calculating the aggregate number of hours of service for that calendar month for employees who were not full-time employees and dividing that number by one hundred twenty.