4 ms·
Again, a lot of these things are pretty common in business. My Dad has a business, and pays me a consultancy fee. I pay consultancy fees to my wife. None of
by koheripbal 6y ago
Again, a lot of these things are pretty common in business.
My Dad has a business, and pays me a consultancy fee. I pay consultancy fees to my wife.
None of this is unusual for a family business.
- fjdjsmsm 6y agoIf they are employees, and you are doing that, it is actually illegal. You are either a consultant, or an employee.
- dathanb82 6y agoIt is unusual to pay your children as regular employees and also pay them as consultants, tho.
- implements 6y agoDo the regulations require that such fees must be ‘honest’ ie be for actual work and proportional to the market value of that work? Are the fees declared to the IRS and all relevant taxes paid? No need to answer (it’s your private business), but just because petty abuses are common and rarely caught doesn’t mean they’re legitimate business practices.
- digitaltrees 6y agoYou can’t do that while also being an employee.