Professional Painting Plr Ebook

Ebook Sample Content Preview:

After you have decided how you want to organize your painting business, you should then decide whether or not you want to hire actual employees or use contractors. You are better off to use independent contractors when you are starting out. If you hire actual employees, you have to pay Workmen’s Compensation Insurance and payroll taxes for them. If you hire independent contractors, they are responsible for their own insurance and paying their own taxes. Many businesses today are saving money by hiring independent contractors.

The problem with independent contractors is that they can be very transient. When you have jobs scheduled, you need to have people who are reliable and who will show up for the job. Most people would rather be employed by a company rather than have to work as an independent contractor. However, with so many people who are out of work, you may find that it is easier than you think to get independent contractors to help you with your painting jobs.

If you are first starting out, you may be tempted to do all of the work on your own. This is fine, except that it will take you much longer to complete a job. You are better off to have people help you. Most customers want their house painting to be done in a reasonable amount of time and do not want you at their home for months on end finishing up work. This also puts a limit to the amount of work that you can take on.

You are better off to hire independent contractors to work with you to get the jobs done. This eliminates your need for Workmen’s Compensation insurance and payroll taxes. You will need to get social security numbers from your workers and issue them a 1099 form at the end of the year so that you can take their payments off of your taxes.

There are a number of people who will be willing to work for you for cash under these circumstances. Many of them do not have social security numbers because they are not eligible to work in the United States. They may be willing to work for less money if they get paid cash. It is illegal to hire illegal workers in the United States. However, many independent companies, especially those in the trades, can find it difficult to get reliable workers for their jobs. If you are caught hiring illegal workers, however, you can be penalized. Also, you cannot take the money that you pay them from your taxes.

If an independent contractor gets hurt, they are liable for their own medical care. They cannot come to you for a workman’s compensation claim because they are not a legal employee. They can, however, sue the corporation if the injury was your fault, such as you gave them a faulty ladder to work on. One of the reasons that people hire those who are not legal citizens is to alleviate this potential. Again, this is an illegal practice. However, there are quite a few sole proprietors operating businesses who hire illegal contractors to do the work so that they can get around the taxes imposed on corporations and save money. They can usually offer customers a much cheaper deal on the project and most customers will be glad to pay cash for such work. Again, this is an illegal way to practice business, but certainly not unheard of.

• File Size:645 KB
• License: Private Label Rights
• Category:Ebooks
• Tags:2009 Ebooks Private Label Rights