Company Ownership And Employment

Summary

In Washington, company ownership during marriage is influenced by community property laws, meaning assets acquired during marriage are typically shared. If company funds or assets are from community property, your spouse may have a claim. To hire your spouse, complete legal paperwork such as an employment agreement, IRS Form W-4, and I-9 Form. Additionally, update company records to reflect her employment. For hiring any employee, ensure compliance with state requirements, including registering with the Washington State Department of Revenue, obtaining workers compensation insurance, and reporting new hires within 20 days.

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If I run this company and employ * people, and my wife wants to come work for the company formally, is there legal paperwork that needs to be done
If your wife wants to formally work for the company, you would need to complete some legal paperwork. Here's what you might need:
- Employment Agreement: Outline her role, responsibilities, and compensation.
- IRS Form W-*: For tax withholding.
- I-* Form: Employment eligibility verification.
- Update Company Records: Reflect her employment in company records.
Would you like more details on any of these documents?
What are the legal requirements to hire someone into a company I own?
To hire someone into your company in Washington, you need to follow these legal requirements:
- Employment Agreement: Specify the role, responsibilities, and compensation.
- IRS Form W-*: For tax withholding.
- I-* Form: Verify employment eligibility.
- Register with the Washington State Department of Revenue: For tax purposes.
- Workers' Compensation Insurance: If you have employees.
- Report New Hire to Washington State: Within 20 days.
Would you like more details on any of these requirements?