When starting a business, it’s imperative to get all your ducks in a row on day one. With this approach, you won’t have nearly as much to worry about as the days turn to weeks and the weeks turn to months.
Even if you don’t have any intention of hiring employees just yet, you should prepare yourself for when the time comes. This means many things, including creating a standard employment agreement.
Your employment agreement can include details such as:
- Job responsibilities
- Job title
- Paid and sick leave
- Commission and bonuses
- Termination and severance
If you hire someone without providing a standard employment agreement, it opens you up to legal action in the future, such as in the event that you need to layoff or terminate the person’s employment.
Once you have a standard employment agreement in place, you can simply customize it for every new person you bring into the company. Not only does this keep you legal, but it also gives you peace of mind.
At our law firm, we work with small business owners to ensure that they never make legal mistakes that could cost them time or money in the future.
Starting a business and keeping it running smoothly can be full of twists and turns. Even so, there are steps you can take to prevent trouble, such as creating a standard employment agreement to be used for all new hires.
As long as you know what to include in your standard employment agreement and how to make it legal, you won’t have to worry about this side of your business.