Tips for Entrepreneurs: Expanding a Business by Adding Paid Employees

Part of the Tips for Entrepreneurs series, this three-page fact sheet provides information on what you need to do when adding paid employees to your business. Such an expansion requires applying for a federal and state Identification Number, providing certain benefits to employees, and working with employees to complete and file various forms, specifically the I-9 and W-4 and if they lack a Social Security Number, the SS-5. In addition to providing tips about how to navigate those requirements, this publication also offers information about how to stay abreast of the latest financial and legal requirements that will help you to maintain your business expansion.