Small Business Owners: How to Know If You Need a W-2 Employee or a Freelancer
PHOTO: Clem Onojeghuo As a small business owner, deciding to expand your team is an exciting undertaking that will hopefully lead to increased productivity and profitability. However, this isnât the only choice an employer has when growing their business. Before adding a new member to the team, employers must also determine whether the new hire should be onboarded as an employee or an independent contractor. Choosing the appropriate worker designation has critical legal and financial implications, including rights and entitlements, for both the worker and the business. This guide will...