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What Small Business Owners Need To Know About Final Paychecks

The legal requirements for hiring and paying employees can be confusing enough for some small business owners – but there are other legal issues to keep in mind when it comes time to part with an employee as well. "There are two issues an employer must keep in mind when issuing an employee's final paycheck: when must the check be paid, and what must be included in the paycheck," said Beth Milito in the web series NFIB’s Small Business Legal Ease. As for when payment is due to a departing employee, many states require final payment on the next regular payday, but

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