For anyone that has hired an employee to do your own construction work (1099 or regular) how do you handle contractor liability insurance?
I will be inheriting a tenant who is a retired custom car builder/mechanic and his wife. Their unit is well maintained, and they currently do cleaning and yard maintenance on the side for other properties. They have...
How can I account for a reimbursement for a non employee who is a subcontractor, can he be reimbursed in the first place? And is that reimbursement tax exempt for the subcontractor and tax deductible for the owner.
I would like to give my longtime accountant some company stock (C Corp). she can sell at retirement. It looks like I can do this without her having to pay taxes until she exercises the option. Then she can sell.
I have recently created a Solo 401(K) for a business A. This is the only business that I have so far and it only hires contractors. Now I am thinking about starting another business B. However, for business B I might ...
Hello Everyone,
I have an LLC.
My friend came to live with me. She wants to make some extra money. She knows alot about construction and I want to use her for her skill in my business.
We have talked about shari...
I could not find anything about this on the internet so I thought I’d put it out here. At what point is it necessary to hire employees to assist you in growing your portfolio? What kind of work is delegated to these e...
I have organized the rehab of two properties myself and plan to continue more in the future. I have also picked up a lot of side work with other property managers to keep money coming in. I decided to legitimize this ...
Hello everyone. I have a question I haven't found a solid answer to. I have an employee (young guy) who has a few thousand he wants to start investing in properties we flip. Just wondering what would be recommended as...
I'm in the process of hiring for my team, and want to do some background checking on applicants for my property manager position.How have you done background checking for these types of employees?