I believe that it depends on the state you live in and how many employees you will have. In Michigan if you have more than 4 additional employees you have to have it.AnswerAll 50 states require Workers Comp though most if not all have exemptions. In Texas, you can select a Non-Subscription product that's similar to Comp. Most if not all states allow you to self-insure if you have enough cash to set aside. Even if you exercise an exemption, you remain liable, so make sure you have plenty of cash for work-related injury claims if you don't carry coverage. Also, even if you don't think your employee would sue, their spouse or minor children who have to get through life on your employee's reduced salary if he has a major injury, or without his salary and companionship if he dies, may present an issue. In short, yes, please carry Comp.
Do i need to file income taxes ,workmens comp did not send me a 1099? I did not file last year 2007 because i asked workmens comp. for a 1099 they did not send ...so i assumed i did not need to file. Can i file both years?
General Liability and Workmens Comp with policy rangong from 1000000 to 2000000 depending what type of windows residential or commercial.
The first thing I would do is contact a workmans comp lawyer. A situation such as yours could be very difficult to handle properly without an experienced professional to assist you.
You should be treated like any other employee when on WC. If others do, you do. If not, I don't know why you would be singled out.
i am a small business owner have my own LLC and dont have any employees - i do small landscaping jobs - - a client is now telling me that he will not pay my invoice until i provide him my workmans comp insurance number - can he do that - why does my having or not having insurance have to do with my invoice
You will need to go back to court and open up your divorce settlement. An attorney should be able to handle this for you. If this is already in your divorce, then you need to inform the court.
yes, any business needs to have insurance ,if they have a employee on the books.
What do I need to do to get a small business grant from you?
Even though you're out of work due to a worker's comp case, your premiums for your medical insurance still need to be paid. Just keep in mind that your medical insurance pays for medical illness and isn't related to worker's comp. Your employer may be willing to help you pay the premiums until you get back to work.
yes, because if you dont then you could lose your business or personal assets even if someone files a frivolous lawsuit against you. You should get general liability insurance and bonding, if you have employees or vehicles used for business you may also need work comp and commercial auto.
Depending on your small business needs
I Belive So, If you are starting your Own Small business in California I know that you need a Sellers permit, but yes you need a Business License
AnswerFederal law developed the work comp system and every state has a unique form of it. If you have a single employee, then you need work comp insurance. No matter the state. If the employee becomes injured, if you don't have work comp insurance they can sue your company and you personally for not carrying the work comp insurance.You can be a sole P, INC, LLC, or partnership and get work comp insurance. You can even get work comp insurance for yourself as an owner.Check with a local insurance broker to make sure you are following your states law.
You need workers' compensation insurance if you have employees. You do not need worker's comp insurance if you are a sole owner. In most states, owners of a business are exempt from having workers' comp for themselves. The type of business does not matter. If you have employees, you need comp insurance. ...plus, the venue, whether a city owned street, school or music venue SHOULD require that you carry the coverage on yourself to ensure you don't allege to be its employee if you suffer an injury.
No. When they file corporate documents as the principal they are exempt.
you need to tell the wci what you have. if they want to sue the business owner for the claim, that would be up to them. plus his wci could be cancelled just like a insurance policy for an automobile can be cacelled at any time due to certain reasons. if workmens comp pays you a certain amount and if still want to sue the owner, you can. a lawyer that specializes in workmans comp can help you.
You need to contact the Small business administration for help with a small business loan. Their website is sba.gov.
You may either apply for a small business loan or a personal loan. Google small business loans
yes, for your employees hurt on the job Unless the state you live in pays it * WCI is a state and employer funded program. States establish the laws which regulate which businesses are required to participate in workmen's compensation insurance programs. The requirements differ from state-to-state, some of the factors for mandatory employer participation are, the number of employees, the type of business and how the business is ranked under OSHA guidelines. Worker's Compensation Resources http://www.workerscompresources.com
You should go to College for business as there is a lot you need to know to start up a small business for franchises. It's a good idea to discuss with your bank, as you will need a loan.
To start a small business franchise, you first need to realize that it is going to cost some money. Next you need to think and be creative in what you want to sell, then you can start up your small business.
Yes you will need a liability policy in case you damage someones property. Also if you have employees you also would need workers comp.
You need small business in any state. Business insurance is purchased to help you protect the business from lawsuits, damages, claims, etc so it doesn't matter what state you are in. If you have a business that has a location, sales, employees, assets, or good ideas, you need insurance.
form_title=Install Internet in Your Small Business form_header=Connect your business to the wider world by adding an internet connection. How many employees do you have, or plan on having work for your small business?=_ Will you need wireless installed?= () Yes () No What capacity and speed will you need?=_
You can find information on small business information at your local business bureau or online at http://www.irs.gov/businesses/small/article/0,,id=98966,00.html.