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Podcast S3E51 – FB Live 63 – Virtual Team: Employee Benefits

 

Listen to this episode in podcast/audio format here

Transcript of this podcast episode available here

Providing employee benefits is a great way to retain talented employees for the long-haul, but as an employer what is your responsibility and what rules and regulations do you have to follow?

In this episode I cover:

  • Vacation and PTO, and when rules and regulations kick in
  • Which state you must consider when offering vacation and/or PTO
  • Sick leave and family leave, and what jurisdiction’s rules and regulations might apply
  • The level of responsibility required when setting up a retirement plan for your employees
  • Important considerations for health, disability, and life insurance

Key takeaway: As a small business owner, there are many ways you can provide important employee benefits to make sure your employees are taken care of and protected in their personal lives, but you also need to make sure that you’re providing benefits in a way that protects you and your business, so be sure to consult with a qualified benefits provider.

Resources: IRS guidance on providing benefits

Department of Labor resource on fiduciary responsibilities

Department of Labor info on FMLA

Melissa Curtis – Woodall Agency Insurance

Visit www.awbfirm.com/podcast51 for a transcript and show notes, and sign up to get a free 5 Minute Intellectual Property Audit.  You’ll learn how you can make more money from the copyrights and trademarks in your business (you can also sign up there to be the first to know when new episodes are live and receive other legal updates and special offers from the AWB Firm).

This podcast is information, not legal advice specific to your situation.

August 15, 2018

Podcast S3E50 – FB Live 62 – Working with a virtual team: employees in other states

 

Listen to this episode in podcast/audio format here

Transcript of this podcast episode available here

Having virtual team members classified as employees can carry complex legal considerations. This week I’m joined by our resident labor and employment whiz Michelle Coakley to talk about what you need to know to make sure your business is protected legally when it comes to having employees on your virtual team.

In this episode I cover:

  • The importance of properly classifying your workers
  • Two reasons why the government cares how you classify your workers
  • Best practice for how often you should audit your employment policy to check for federal and state & local compliance
  • Why you should be sure to do regular performance reviews
  • What you need to know about non-disclosure and non-compete agreements

Key takeaway: Employment laws and ordinances can vary widely not only state to state, but in some cases city to city. It’s important to seek out the right kind of advisors (legal, financial, human resources, etc.) to make sure your business is protected when it comes to employment matters.

Resources: Episode 12: Hiring employees and contractors the right way (with FREE download)

Episode 37: Labor & employment chat with AWB Attorney Michelle Coakley

LastPass

Visit www.awbfirm.com/podcast50 for a transcript and show notes, and sign up to get a free 5 Minute Intellectual Property Audit.  You’ll learn how you can make more money from the copyrights and trademarks in your business (you can also sign up there to be the first to know when new episodes are live and receive other legal updates and special offers from the AWB Firm).

This podcast is information, not legal advice specific to your situation.

August 9, 2018

Podcast S3E48 – FB Live 60 – Building your virtual team, part 3: Taxes

 

Listen to this episode in podcast/audio format here

Transcript of this podcast episode available here

In this week’s episode of the Legal Road Map® podcast, I talk about what you need to know about taxes for a virtual or location-independent businesses from a legal standpoint. Whether you’re running an online business, or you have locations or customers in other states, one fact remains the same, your business has to pay taxes!In this week’s Facebook Live video and podcast episode I cover:

– The different types of taxes your business may have to pay (so you can make sure you don’t miss one!)- What you need to prepare for if you sell to customers in a state outside the state where your business is registered- Paying taxes in other states where you have employees or customers- The consequences you could face if you don’t pay your taxes- Free resources to help figure out what taxes your business needs to pay

Key takeaway: No matter which state your business calls home, you have to pay taxes, and it may be in more than one state if you’re selling or have employees or contractors in other states. Make sure you’re not at risk for a potentially costly audit by seeking the advice of a professional.

www.awbfirm.com/podcast48

This podcast is information, not legal advice specific to your situation.

July 25, 2018

Podcast S3E47 – FB Live 59 – Location Independent Business, Part 2 – Registering as a foreign entity

 

Listen to this episode in podcast/audio format here

Transcript of this podcast episode available here

If you’re ready to do business in other states, have remote team members, or you’ve been doing business in other states for years, my latest episode of the Legal Road Map® podcast is a great overview of important considerations for location-independent and online business owners.In this week’s Facebook Live video and podcast episode I begin to cover this complex topic, touching on:

– Why registering as a foreign entity in other states could apply to online businesses as well as location-independent businesses- What constitutes “doing business” in another state- The tricky nuances of having independent contractors and employees in other states- The consequences of not registering as a foreign entity in states where you do business

Key takeaway: Fifty states can mean 50 different answers when it comes to doing business in a state outside your own. Seeking the advice of a trusted lawyer can prevent a legal nightmare for your online or location-independent business.

www.awbfirm.com/podcast47

This podcast is information, not legal advice specific to your situation.

July 18, 2018

Podcast S3E46 – FB Live 58 – Running a location-independent business legally

Listen to this episode in podcast/audio format here

Transcript of this podcast episode available here

If you’ve been plotting your escape to work from your laptop anywhere in the world, this episode will inspire you to take the first concrete steps to being location independent. If you’re already running an established, 6-figure+ business and you’re ready to take your show on the road, legal is not an area you want to DIY.

In this week’s Facebook Live video and podcast episode I begin this month’s series on this complex topic, touching on:

Considerations for choosing the right corporate entity for your location-independent business

Where to set up your entity

What a registered agent is, and why you might need one, especially if you’re location independent

How to handle your business’s office address, or “principal place of business” (you usually can’t use a P.O. Box)

Why you need to consult with a tax expert

Choosing a bank that will work for you, wherever you’re located in the world

Key takeaway: Making sure you have your legal ducks in a row will allow you to truly enjoy the freedom that a location-independent business provides.

www.awbfirm.com/podcast46

This podcast is information, not legal advice specific to your situation.

July 11, 2018