Preparing to hire out 1st team member / Interested in offering Health Insurance

[Tony Pellettieri]

Our Business has been growing rapidly as we've employed our capital in the acquisition department. Currently we're at 7 doors and nearing the completion of our first $50/sq ft rehab. We have two new construction projects getting ready to break ground, 2 cash out delayed financing loans in process, and almost at the end of our first debt cycle, getting ready to emerge into the next phase of our growth stage. We've decided to scale back on acquisitions and have started scouting out talent to add to our team to be better prepared for what's to come.

While we believe we could greatly benefit from bringing on an Integrator, project manager, and construction manager as soon as possible, we are looking at cost/benefit for our first hire. We are leaning towards bringing on a hard working administrative assistant to lighten the load and free up more time to focus on more pertinent tasks.

This will be our first hire and are wondering what the best way to go about doing so is. Should we 1099? W2? Also wondering if any one can give us suggestions on providing/offering health insurance. We're talking with someone who may be coming into our company's leadership that will require health coverage. This is something we're interested in providing for our company's employees including ourselves. Any insight would be much appreciated.