The W-8BEN form is used by a foreign individual in order to establish his or her foreign status and beneficial ownership. Moreover, it enables the individual to claim benefits that involve income gained from a tax treaty aside from compensations for personal services. The said form is also known as the Certificate of Foreign
A memo, short for memorandum, is a document sent from one person to another or a group of people within the same organization. It can be as simple as a note on your desk or posted on the bulletin board. It could also be sent as an email for all employees. They can include details
Labor law posters are mandatory. They are employment law notices that all employers with at least one employee must conspicuously post in an area most frequented by employees. They can either be placed in break rooms or the employee lounge. Failure to display accurate state and employment law notices can result in hefty fines, penalties,
Starting a business requires its owners and partners to maintain a company records book so they can effectively manage their business. A company records book is a compilation of all vital corporate papers. It includes Articles of Incorporation, By-Laws, minutes of meetings, stock certifications, stock certificate ledger, stock transfer documents, and stock certificate stubs. Keep
As a business owner, you are responsible for organizing your 401(k) plan documents and records. Being proactive in managing a 401(k) can save you a lot of pain later on. Aside from administrative duties, you also have to deal with investment management. All these make understanding and organizing 401(k) plan documents and records all the
Starting a business comes with the responsibility of preparing documents to comply with government regulations. Aside from making tax reports, employers subject to the Employee Retirement Income Security Act (ERISA) must also provide their employees with a copy of their summary plan description. What is a Summary Plan Description? A Summary Plan Description or SPD
The State of Nevada follows an “employment-at-will” practice. This practice means that an employer can terminate the employment relationship unless the two parties have an employment contract or collective bargaining agreement. However, Nevada courts have, in the past, used provisions stated in an employee handbook to stand as an employment contract. Given this, it is of
Small business owners often get overwhelmed when they begin the hiring process. It is during this time they realize they have to deal with tons of paperwork. Setting up employee records and personnel files is a daunting task, especially if you are a startup with a limited budget. 60 SHARES Share on Facebook Tweet Follow
By definition, a plan document is a written tool that includes the establishment and operation of plans. For businesses, it may be an employee benefits insurance plan that details all of the provisions of the insurance. It is a legal statement that contains a description of the benefits that employers must provide for their employees.
Attracting the right person for the job is crucial for any business. For you to achieve this, you must create a compensation plan for your Las Vegas business. This compensation plan must reflect on how you value your employees by including the salary, bonuses, incentives, and commissions that employees can receive by working for you.