By Fred S. Steingold
The single booklet that addresses the explicit wishes of someone hiring an worker for the 1st time. Hiring a person might be intimidating - yet this is often very true if you are contemplating hiring your first worker. a brand new point of legislation and rules kick in, let alone the entire charges concerned. thankfully, Hiring Your First worker offers a whole, easy-to-read assessment of hiring an worker, in addition to criminal and functional recommendation at each step. Written through bestselling enterprise writer and lawyer Fredrick Steingold, this tightly targeted booklet may help you: determine if it is the correct to time to rent verify the wage or salary think of merits to provide receive an worker id quantity write a role description locate and monitor candidates organize the required bureaucracy hold worker records take care of overall healthiness and questions of safety deposit payroll taxes deduct employment expenditures troubleshoot worker difficulties Hiring Your First worker presents 50-state felony summaries in undeniable English, pattern types and charts that evaluate the professionals and cons while making judgements approximately hiring somebody.
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Extra info for Hiring Your First Employee: A Step-by-step Guide
Va. Code §§ 5-11-3, 5-11-9, 21-5B-1, 21-5B-3, 16-3C-3 Wisconsin Wis. Stat. Ann. 32 and following Wyoming Wyo. Stat. Ann. 62 48 | Hiring Your First Employee: A Step-by-Step Guide P ay too little, and you won’t be able to attract a talented, dedicated employee. Pay too much, and you risk ruining your business’s financial health. This chapter will help you decide whether it’s financially feasible to hire someone—and will guide you in striking the balance between a generous and a prudent price to pay for that help.
And fairness is an important goal. For one thing, it’s unpleasant to have a disgruntled former employee bad-mouthing you and your business. Beyond that, if you and the fired worker get into a legal dispute, it’s better strategically if your actions don’t appear to be arbitrary and callous. Still, it is wise to take specific steps to preserve your legal right to fire an employee. In an interview, for example, be careful not to promise or imply that the job is secure. And if you make a written job offer, emphasize in it that employment will be on an at-will basis.
By operating your business as a corporation or LLC, you can limit your personal liability to a great extent, which will help protect your nonbusiness assets such as your home, personal bank account, and stock investments. The only downsides are the modest cost of creating the entity and a bit of additional paperwork. Resource For help in deciding the most suitable legal form for your business, see Legal Guide for Starting & Running a Small Business, by Fred S. Steingold (Nolo), and LLC or Corporation: How to Choose the Right Form for Your Business, by Anthony Mancuso (Nolo).
Hiring Your First Employee: A Step-by-step Guide by Fred S. Steingold