An employer can stop filing quarterly contribution reports (OES-3) if one of the following conditions has been met:
A. Closed the business and will have no further payroll.
B. Sold the business and will have no further payroll.
An employer changing from one legal entity to another, or a Limited Liability Company that changes their taxation method for Federal and State Unemployment Tax purposes, would be required to complete the Termination Report (OES-24) for the “old entity” and an Employer Status Report (OES-1) for the “new entity”.
An employer who sells a portion of their business, but will remain open and continue to report unemployment taxes would need to complete the Termination Report, provide the name and address of the new owner/owners, explain the nature of the change, provide the name and address of business terminated and the name and address of the business retained.
Termination of business does not terminate your coverage. All future Oklahoma payrolls must be reported until you legally terminate coverage in accordance with the provisions of Section 3-202 of the OESC Act.
Please complete and submit an Employer Status Report (OES-1).
You may obtain the form on the OESC website at www.oesc.state.ok.us.
Employer Status Report can be mailed or faxed.
Mail to OESC, Attn: Status Dept., PO Box 52003, Oklahoma City, OK 73152-2003
Fax to (405) 557-7271.
For assistance, contact OESC at (405) 557-5452.