Use this form to notify BWC when succeeding, in whole or in part, another in the operation of a business.
BWC requires this information to calculate the experience rating of the succeeding employer. Additionally, for employers who wholly succeed in the operation of a business on or after Sept. 1, 2006, BWC transfers to the successor any and all existing and future liabilities or credits of the former employer in addition to the experience transfer.
- Notify BWC of the succession, in whole or part (Ohio Administrative Code 4123-17-02).
- Preserve the former employer's payroll records for the five years prior to the date of succession.
If an employer purchases or acquires only a portion of the business, BWC transfers only that portion of the former employer's experience to the succeeding employer. BWC will review the former employer's payroll and claims records to determine what should transfer to the successor for rate calculation purposes.
BWC uses all information provided to determine if a succession has occurred. Criteria include:
Successorship liability policy
- Business ownership;
- Continuity of business operations;
- Real estate, plant and equipment, material inventories and other real property;
- Customer profiles;
- Industrial pursuit;
- Employee roster.