December 19, 2014
The amount of control you have over your workers affects their legal definition. Entrepreneurs continually face an age-old conundrum: You can’t grow your company without hiring more people. But you can’t hire anyone until the company has grown enough to afford employees. That’s why independent contractors are often an attractive option. They save business owners the burden of paying health insurance premiums, payroll taxes and other benefits that can increase an employee’s total compensation package by as much as 30 percent. And when business slows, you have no under-producing employees on the payroll to support. But you have to be careful about the independent contractors you choose and how you use them, particularly if your contractor is an individual and not a corporation or LLC. That’s because, from a legal perspective (and in the view of the IRS), some “contractors” may be part-time employees in disguise. “Fred” found this out the hard way. He hired Emily, an aspiring actress, to handle his bookkeeping once a week. They agreed she would be paid as a “1099”…
Continue ReadingYear after year, I would go in for my annual physical. Much to my surprise (and my doctor’s), despite my enormous stress levels, my blood pressure was always normal. All of my vitals were good.…
Read MoreListen to the Episode Below: Do you want your business to be manageable or scalable? That’s the question I address on today’s podcast. Sometimes we want to control absolutely everything about our business and then…
Read MoreWho are your A-List clients? When it comes to growing your business beyond yourself, clients are the tip of the spear. Without A-List clients, you don’t have good cash flow. And without cash flow, you…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.
And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.
I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.
