by ImNotAnonymous-COAT of Maestro-ness on November 13th, 2009

ImNotAnonymous-COAT of Maestro-ness

Question

Help answer this question below.

Is it stupid to hire employees as a sole proprietor?

  • Like
  • Report

Answers. 6 helpful answers below.

  • by Shemarq the Wamama on November 14th, 2009

    Shemarq the Wamama

    First of all, I would get incorporated to protect your personal assets. But either way, if you can afford to hire an employee, understand employment and tax laws, and have the workload to justify the added expense, by all means hire someone.

    • Like
    • Report

    No comments. Post one | Permalink

  • by Teresa on November 14th, 2009

    Teresa

    No ... if you can't do all the work yourself, you hire an employee.

    • Like
    • Report

    No comments. Post one | Permalink

  • by LEO on November 14th, 2009

    LEO

    employees are capable of becoming sole proprietors but sole proprietor's hire employees

    • Like
    • Report

    No comments. Post one | Permalink

  • by Sixty B - Commander Topcoat on November 14th, 2009

    Sixty B - Commander Topcoat

    You are way too awesome to ever be stupid. Without knowing much about the topic... I am sure your amazingness will prevail!

    • Like
    • Report

    1 comment | Post one | Permalink

  • by Suby the Coat on November 13th, 2009

    Suby the Coat

    A sole proprietor can hire employees.
    But employees can't replace the sole proprietor.
    All that you could do is to give a power of attorney to trusted employees at Managerial levels so that they could affix their signatures on your behalf using the mandate given by you which will be legally binding on you.
    But be careful about giving more powers than necessary - otherwise it could turn a stupid move. The sole proprietor might end up loosing his business to his power holder!

    • Like
    • Report

    No comments. Post one | Permalink

  • by LarryH54 on November 13th, 2009

    LarryH54

    It IS risky. Incorporation is all about protecting the owner legally. You'd be smart to take advantage of that.

    • Like
    • Report

    2 comments | Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

You're reading Is it stupid to hire employees as a sole proprietor?

Follow us on Facebook!

Related Ads

ANSWERBAG BUZZ

Sole proprietor hire employees
Sole proprietorship hired employees
Sole proprietorship hire employee
Sole proprietor hire
Adding an employee to sole proprietor
More Popular Searches...