Human Resources

If you do not plan to focus any efforts on the technology company’s business and it is not generating any residual or ongoing income, then we would agree with you that you should dispose of this company to eliminate the tax and regulatory filings and other administrative costs of maintaining the inactive corporation.

You may have difficulty trying to identify an exact match; however, you can access testing tools to design a test that will give you a good indication of a personality match. Also, company policies and procedures and effective performance reviews can help develop employees into the type of worker you want them to be.

We assume that you are an employer seeking to do a background check on an employment applicant and we have provided information, considerations, and resources below. However, if you want to do a general criminal background check on an individual, you can use state and other online resources like the following examples…

Converting workers you have treated as employees to independent contractor status is particularly risky when the workers will hold the same jobs as contractors as they did when they were classified as employees. Often such conversions will trigger IRS scrutiny and an employment tax audit.

We do not know the types of activities these volunteers would perform for your business, but it is unusual for individuals to volunteer their services to for-profit businesses. It is more common for nonprofit organizations to utilize volunteers.

It is common for entrepreneurs to bring in partners or employees to help manage and grow their businesses; however, there are a few different ways to structure these arrangements. For example, equity awards to key executives in small companies may be in the 5% to 10% range.