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Human Resources |
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| Question concerning Contracting |
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| Author: Jeff Adkins |
Time: Feb 06, 2005 00:42 |
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I have just gotten a business license for resale business and have decided that I would like to go into jewelry manufacturing. At this time my business is operating at a net loss (start-up costs) and cannot afford to hire employees to manufacture products, due to workers comp and other insurances needed. Is there some way that instead of hiring as employees I could contract people promising a percent of profits, stating high risks of not receiving payment due to no sales, and also get around not paying workers compensation insurance myself? Is this legal and how would I go about tax reporting if so?
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