Does a doctor’s office in Ohio fall under B2B work, or as an individual, when doing escheatments?

According to the Ohio Revised Code 169.01, payments to another business association are exempt from escheatment. The code defines business associations as ”any corporation, joint venture, business trust, limited liability company, partnership, association, or other business entity composed of one or more individuals, whether or not the entity is for profit.”

As such, in Ohio a doctor’s office would be considered a B2B transaction and exempt from escheatment. If the doctor is located in another state, you would want to consult that state, since state laws and exemptions vary. We recommend you contact the state in question directly.

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