Hiring contractors and employees the right way, with Ashley Cox of sproutHR (LRM S1E12)
Legal Road Map®: copyright, trademark and business law info for online entrepreneurs · Autumn Witt Boyd
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Show Notes
Business is booming and you're ready to hire help -- make sure you do it the right way! When should you hire an independent contractor and when do you need to pay someone as an employee (and what's the difference)? Plus contracts for workers, like non-compete and NDAs.
Episode highlights:
- What's the difference between kinds of workers - independent contractors and employees?
- What could happen if you misclassify a worker as an independent contractor when they should be an employee (or vice versa)?
- What does it mean to be an "at will" worker?
- When should you use a non-compete or NDA (non-disclosure) agreement?
- What forms do you have to fill out when hiring workers?
KEY TAKEAWAY: You could open yourself up to major fines and penalties if you misclassify a worker as an independent contractor when they should be an employee, so it's essential to look at all the factors and make sure you expand your team the right way, and consult an expert if you're not sure.
This podcast is information not legal advice specific to your situation.