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Officer and Sole Proprietor Payroll Reporting
North Carolina
The following is effective for policies written on or after 7/1/11. (uses NCRB 4/1/11 Misc. Values)
Executive Officer Payroll
- Min - $800/wk ($41,600 annual)
- Max - $1,600/wk ($83,200 annual)
Sole Proprietor/Partners
Fixed annual payroll - $40,400
LLC
Treat as Partners - fixed payroll applies.
South Carolina
The following is effective for policies written on or after 9/1/11 new & renewal. (uses NCCI 7/1/11 Values)
Executive Officer Payroll
- Min - $700/wk ($36,400 annual)
- Max - $2,800/wk ($145,600 annual)
Sole Proprietor/Partners
Fixed annual payroll - $36,700
LLC
Treat as Partners - fixed payroll applies.