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Check the state laws in where the sole proprietor is being operated. It changes from state to state. For example in California requires workers' compensation if there is one employee. But if it is a sole owner with no employees then the insurance is optional. In Alabama and Florida if you have four employees including the owner, then workers' compensation is a must. In Texas workers' compensation is not required at all, but the state does require the employer to post a sign stating that workers' compensation will not be provided.
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Why do you think many sole proprietorships are able to offer few fringe benefits to workers?
Sole proprietors often have trouble finding and keeping good employees. Small business generally cannot offer the security and advancement opportunities that many employees look for in a job. In addition, many sole proprietors are able to offer employees little in the way of Fringe benefits
What kinds of liabilities are sole proprietors subject to sole proprietorship?
how old is ally from fith harmmane
Do i need Workmans comp for spouse?
If your spouse draws a wage from you or your company, you must include her in any workers' compensation plan. If you both own the business as sole proprietors, neither of you are required to be on a workers' compensation plan.
What are the forms of business?
Sole Proprietors, Patnership and limited liabilities
Do you need workmans comp as sole proprietor in ma?
By law, it's optional for sole proprietors. Reality can be different though. In the construction trades most general contractors will require any subs who are sole proprietors to have workmans comp. This is what their insurance companies require. If a sub doesn't have workmans comp the insurance company adds their wages to the gc's bill.
What are the three forms of business?
Sole Proprietors, Patnership and limited liabilities
If you are sole proprietor do you need Worker's Compensation?
AnswerYou are the only proprietor of your business but are you the only employee?yesthen, no you dont need it
What is an advantage the owners of a sole proprietorship enjoy over the owner of a corporation?
Sole proprietors get to make all of the business decisions themselves.
Is an advantage the owners of a sole proprietorship enjoy over the owners of a corporation?
Sole proprietors get to make all of the business decisions themselves.
What is an advantage the owners of sole proprietorship enjoy over the owners of a corporation?
Sole proprietors get to make all of the business decisions themselves.
What Advantage the owners of a sole proprietorship enjoy over the owner of a corporation?
Sole proprietors get to make all of the business decisions themselves.
What are kinds of business?
there are three basic kinds of business sole proprietors,partnerships, corporation
