Land & New Construction
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Hiring full time vs 1099 for construction help
I'm considering a full time employee to help with a renovation on a 1100sqft, 3 bed, 2 bath house I bought with a lot next to it on which I plan to build a new duplex in Fayetteville, NC. I can do all the work myself but it's a lot and another set of hands would be great to keep things on time.
What are the pros and cons of having a full time employee versus a contractor who I hire on a full time basis? Obviously health benefits and tax payments are factors. I want to be fair to the employee, have someone trustworthy who will stay around, and make sure that I'm doing things legally and ethically. I'm thinking the work will take slightly less than a year if that makes a difference.