December 6, 2017
YBAA Principals e-Seminar
To Hire or Not to Hire?
3 CPYB Recertification Credits
TOPIC: To Hire or Not to Hire?
Moderator: Todd D. Lochner and Eugene E. Samarin of Lochner Law Firm P.C.
Description: Have you ever wondered why there are so many 1099 brokers? Strangely the answer to that question is not about the money or the work hours. Many hourly rates and commission compensation are often comparable with those of employees and they work the same hours, if not more. Another upside to 1099 brokers is that you do not have to pay payroll taxes or provide benefits. Sounds like a no brainer to just hire brokers as 1099 contractors then, right? Yet, as great as this option sounds, not everyone can be a 1099 broker! So as a potential employer, what's the difference between a 1099 contractor and an employee and why does it matter to you?! For starters, there are liability implications between employees and contractors. Also, taxes and benefits are something that every potential employer needs to consider. Finally, there are employment laws that mandate when and how a person is classified which do not take into account the way that you would prefer they are classified. If you want to know more about employee/contractor relations and how they apply in the brokerage context, please join Todd D. Lochner and Eugene E. Samarin from Lochner Law Firm, P.C. on December 6, 2017 to learn if your next employee should really be a contractor.
PLEASE NOTE: These e-SEMINARs are FREE to all participants, however, advanced registration is required. Registration is limited and accepted on a first come first serve basis. We reserve the right to limit the number of registrants if the number exceeds the limitations of our conference call service provider. Please review the Participation Guidelines.