Once your business starts to grow you will need help in making sure you manage all aspects of it. The worse thing to encounter as a client is a disorganized business. In order for everything to function and fall in its proper place; you must organize yourself and your business. Sometimes this means hiring an extra set of hands. When hiring employees you must keep in mind that there are Federal and State regulations that must be followed. Your business should always remain in compliance with these regulations in order to avoid costly penalties.
Here is a quick list of some of the things you will need to know.
1. Obtain an Employer Identification Number (EIN); Employer Tax ID provided by the Internal Revenue Service. Before requesting your Employer Identification Number, you must already have determined what type of legal structure you are establishing (Sole Proprietor, Partnership, Corporations, Limited Liability Company, Estate or Trust)