Guide for Hiring Your First Employee
After a small business has been established and begins to grow, more clients or responsibilities often translate into the need to hire the first employee. Many resources exist to help small businesses learn to evaluate the best person for the job and how to abide by established laws and regulations during the interviewing and recruiting processes. However, it is also important to understand the steps you need to take once you have found the person you wish to hire.
A Few Hiring Basics
When you are ready to hire your first employee, be sure to follow these steps to ensure that you are in compliance with federal and state regulations:
- Secure an Employer Identification Number
- File records for withholding taxes (W-2 and W-4 Forms)
- Verify your employee's eligibility (I-9 Form)
- Report your new hires to your state's new hire registry
- Secure workers' compensation insurance
- Obtain disability insurance, if necessary
- Register to pay unemployment insurance taxes, if necessary
- Display posters of workers' rights and responsibilities in the workplace
- File taxes according to state and federal requirements
Once you have taken care of these important steps, you are well on your way to beginning the next phase in the growth of your small business. As you start to hire on more employees, you need to get organized and set up record-keeping in order to keep your business running smoothly and to keep your employees properly documented and informed.
Contact Us
To learn more about hiring practices for your small business, contact the Texas small business experts of Texas Legal Entities today at 512-472-2431.
At any time, please feel free to ask us a question. It's FREE!