Determining whether your current staff and next hires are employees or independent contractors is not an exact science. We can help clarify this determination by explaining the tests that will help you decide whether a worker is an employee or an independent contractor and the implications of both.
The series limited liability company ("LLC") is a relatively new way to organize business ownership. The series LLC has all of the benefits of a traditional LLC, such as flexibility and limited liability, with some added benefits that may appeal to your business such as the potential for a reduction in administrative costs and the further isolation of liabilities.
Most business owners know the SBA can provide many different benefits for small business owners. What you may not know is that the SBA also provides certifications for particular types of business owners, including minorities, veterans and women. Obtaining these certifications could give a business a competitive edge in seeking new business opportunities and establishing credibility in the market.
The Ennovation Center, an Independence incubator program for entrepreneurs, opened in 2010 and has been serving small business owners ever since. The Ennovation Center is located in what was previously the Independence Regional Medical Center, allowing it the unique capability of housing a wet-lab and five fully equipped kitchens in addition to group work spaces, conference rooms and private offices. The Ennovation Center focuses on three business areas: bio-tech, culinary, and business & technology.