Before you hire anyone (and in order to set up payroll), you’ll need to get an employer identification number (EIN) from the IRS. EIN’s are also known as an “employer tax ID.” You use it to report taxes and
Everything you need to consider before hiring someone, and what you’re legally required to do. Tax Advice There’s a lot that goes into finding and hiring someone to join you in your small business. First, there’s deciding whether to handle the recruitment yourself or letting an external ...
If you’re hiring an international employee to work domestically within the United States, you’ll need to secure the right visa and certifications so that they are authorized to work legally. There are five different visas for noncitizens employed in the US, from EB-1 to EB-5. EB-2 and...
If someone does steal your invention, the patent grants you the right to sue the guilty party. Sometimes, someone who did not invent an item can hold the patent right when a patent owner chooses to sell the patent for profit. However, only the person who originally came up with the ...
5. Legally form your business Once you settle on a business structure, it’s time to legally open your business. Keep in mind that requirements – and costs – associated with forming your business vary by state. File with your local jurisdiction If you’re going to operate as a sole ...
When you enter into a contract, it is important to follow several rules to ensure the contract is valid and enforceable in a court of law. The first thing to know is who can legally enter into a contract. For a contract to be valid the persons signing it must: Be the necessary age ...
You may like reading: Why and how to develop legally compliant AI products RPA (Robotic Process Automation) RPA is another app development trend that is not just making people wonder if the future of work is robots but is also capable of disrupting the current market of outsourcing mobile appl...
You might also help your loved one work with a lawyer to prepare a medical power of attorney while they can still make decisions with their best interests in mind. This document legally allows someone that they designate (like you or another family member or friend) to sign off on things ...
That means that while they are entitled to all of the business’s generated profits, they are also legally liable for all its financial obligations, including any debts incurred or legal payouts. It’s crucial to understand that the business and the owner are legally one entity in a sole ...
How to legally avoid sales tax on your aircraft purchase: hire an expert.