Employing Your Children in Your Business: A Guide for Parents - Online

This presentation, titled "Employing Your Children in Your Business: A Guide for Parents," provides an overview of the advantages and guidelines for legally hiring your children in a family business.

It covers key benefits like tax savings, skill development, and succession planning, along with essential legal requirements such as age restrictions, work hour limits, fair wages, and record keeping.

The presentation also outlines practical steps for assigning age-appropriate tasks, managing payroll, and avoiding common pitfalls. Lastly, it ofers insights into long-term planning to prepare children for possible future leadership, making this a valuable guide for family-owned businesses looking to responsibly integrate the next generation.