Description: The Nautilus Group® is an exclusive membership based resource accessible to an elite group of approximately 200 experienced insurance and financial industry leaders who are firmly committed to a team planning concept. Nautilus provides a range of consultative services and technical case design to support its Members in presenting estate, business, charitable, insurance and retirement strategies to their clients and their clients’ advisors.
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Employing children in the family business can help pass down family values, teach children valuable skills and work ethic, and potentially save on taxes. This article looks at seven do's and don'ts of employing a child in a family business.
Business Planning
Parents typically want their children to learn the value of work while they are young to help them become productive members of society. Parents who own a small business and want to employ their children to help pass down family values, teach valuable skills and work ethic, and potentially save on taxes, should consider the following do's and do not's related to employing a child in a family business before adding Junior to the payroll.
Herlong Financial Group, LLC | Johnston, SC