- The modern day PEO began in 1982 as “employee leasing” companies. These operated as “sole employers”.
- The industry grew in 1986 under the Tax Equity Reform Act, the government recognized the potential benefits these companies could provide their clients.
- The Co-Employment Doctrine got its start in 1992 when the state of Florida regulated the PEO industry.
- Currently 39 states have regulated the PEO industry.
