Forums: Discussions for entrepreneurs and small business.

I don`t know about your state, but my state requires all business to carry workman`s comp insurance.  The insurance rates are based the employees job description.  For one employee where I use to work, the cost was $1,500.00 per month.  Rates very from company to company, so do some research. 

Also, plan on spending about $8.00 to $11.00 per hour for every hour an employee works.  This is to cover benefits, insurances and taxes for that employee.  These figures were provided by bean counters at four companies I use to work for.  And, these figures seem to be fairly universal.

Hope this helps.



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The older we get, the more excuses we make for not chasing after our dreams. But truth is, goals are attainable at any age.

Thanks for the help.  It looks like I may have a few more months now until the purchase can go through.  I`m in NC.  In our state, once you hire 3 people, you must have worker`s comp.

You might consider working with an employee leasing service, such as Genesis Consolidated Services.  I just finished working for a very small company that used them, and found the experience entirely satisfactory.  They handle the benefits, the taxes, the payroll, etc.  See

http://genesis-cos.com/ContactUs.aspx

Yes, the company I worked for had employees in multiple U.S. locations.

Mary-Anne