There are lots of good reasons to hire your family in your business, but you want to be proactive in managing any potential pitfalls that can impact not only your business, but your most important relationships as well.

 

What you'll hear in this episode:

[2:22] The benefits - tax and otherwise - of hiring family members

[6:51] Determine a legitimate business purpose for hiring this person

[8:59] How to set clear boundaries

[12:33] What sort of feedback should you be giving hired family members?

 

If you like this episode, check out:

Building a Strong Company Culture with Caroline Pennington

Should I Hire Contractors or Employees?

How to Hold Your Accountant Accountable

 

Want to learn more so you can earn more?

CFO Power Session: https://www.keepwhatyouearn.com/power-session-inquiry

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

 

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.