Originally Posted by cutman2000
I'm looking to hire someone part time to help me out. Are these all a must?
#1. Obtain a Federal Employer Identification Number (FEIN)
#2. Register with your State Labor or Employer Division
#3. Obtain Workerís Compensation Insurance (if required)
#4. Post an "Employee Poster" as required by Federal and most State Governments
I'm looking for someone to help me part time, but I'm wondering if I should pay "under the table" until I get more established. What am I looking at, as far as fees($) for the list above(#1, #2, #3 and #4).
At the moment, my business name is registered(LLC) with the state. I'm insured(liability 1 million). No worker ins.
the ein number is free if you do it online.
the state labor registration is free
the employee posters will not cost you more then $50
workmans comp is based off payroll
the main thing you will have to think about is getting a service to cut you your payroll checks.
you need to withhold a certain amount for taxes, social security ect.
you will have you own taxes to pay based on how much you pay him.