Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Hiring my underage daughter - paying from business account
My daughter is 11 and I routinely have her with me while I'm stopping by my rental. Problem is I'm running out of ideas on jobs I can say she's hired to do. Looking for ideas and thoughts from anyone who's done it.
Basically so far she's picked up rocks, held the flash light, ran back in forth from the tool bag, etc. Mostly looking bored and ready to go home...lol She's at least been a trooper during showings and clean up/maintenance activities.
My goal is to pay her a "wage" every month by check from my business account. Then I can set her up a bank account and an investment account. Main goal is so she can roll all that money into a Roth IRA at a very young age. I'll have to have her file taxes this year but that's well worth it in my opinion. I figure this will at least set her up for the future and maybe, just maybe will get her interested in wealth building at a young age.