I have been a one man band for about 3 years now and have not gone one day without carrying liability insurance.
However, I have always had either my dad or another contractor helping me when I need it as 1099 guys. All legit since I only need help on pour days or randomly through the year.
I have a kid that wants to work for me this year and I am at a point where I need a full time helper now. He will be out of school in a few weeks and he turned 18 a few months ago. I want to have my accountant set up a payroll for me and pick up comp through my insurance company.
I am having trouble finding out exactly what is required by me though. I am acting as a sole proprietor right now, will I need to get an EIN or can I continue to just use my SSN? How much should I expect it to cost me to have a guy on payroll making 500-600 bucks per week?
I am sailing through uncharted territory here, and I want to make sure everything is legit. I have been working really hard to push my name and my work as top quality and people are finally responding, the phone has been ringing quite a bit this year and to keep moving upwards I need to take this step I think.