There are lots of good reasons to hire your family in your business, but you want to be proactive in managing any potential pitfalls that can impact not only your business, but your most important relationships as well.
What you'll hear in this episode:
[2:22] The benefits - tax and otherwise - of hiring family members
[6:51] Determine a legitimate business purpose for hiring this person
[8:59] How to set clear boundaries
[12:33] What sort of feedback should you be giving hired family members?
If you like this episode, check out:
Building a Strong Company Culture with Caroline Pennington
Should I Hire Contractors or Employees?
How to Hold Your Accountant Accountable
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.