1099 or W2?

[amygeorge]

This would be an excellent topic at MikeysFest!


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[AJR]

that's what we do too John. its the way to go. Alabama is an at will employment state. so everyone is basically a temp.

John Olson" data-source="post: 4236364" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch">

Employee leasing! We use A Plus Benefits. We have 3 full time employees and 2 part time now. We have insurance on the guys and they can insure their families and have dental. We also have a 401K plan run through Transamerica. We pay 3% over our payroll and they take care of EVERYTHING. Superior doesn't have any employee's we are all employed by A Plus even me and Lora. There are lots out there but this is the one we use and have since we opened. Call around and see what is available in your area. Most only require 3-4 employees with 3 min on insurance to offer it. Why me and Lora each have our own insurance instead of one family plan. Don't have to worry about the labor board as no one is employed by superior. Lora corrected me we pay 3%

 

[Shane Deubell]

Couple years ago i looked into buying a 3 truck parking lot sweeping/power washing business locally {2 sweepers/1 power washing}. They had a nice little niche and contracts with malls, strip plazas etc.
The owner was a super nice guy and been in business for 20 years.

One small problem, after hiring an attorney to investigate some more it turned out the reason he was selling was $70k in back payroll taxes/penalties he owed the state. Well, he didnt have $70k so he was forced to sell the business or sell his house/ retirement, whatever. Total mess, the guy was no loser either really nice hard working guy who just was ignorant of the law and consequences.

Not too sure what happened to him but i RAN away fast.