Tips for Hiring Family Members in a Small Business

There are many pros and cons to hiring family members in a small business. Below are some bullet points to consider before hiring a relative:

  • All relatives are not made equal;
  • The tax implications can work in your favor;
  • Make sure they are up for the task; and
  • Beware of the pitfalls.

For detailed information on this topics, click here.

Source: Journal of Accountancy