We’ve set out ten rules to help small business owners avoid legal trouble. A common theme in the rules is recording keeping—for tax purposes, for insurance, for your contracts, and especially to show compliance with employment laws, including wage and hour, and other regulatory requirements.
So our final rule recommend is to implement a document retention policy. To help you, NFIB has prepared a model policy. Check-out our free guide to document retention here.
For more guidance on how to stay out of court, check-out the following:
- Rule 1 – Incorporate;
- Rule 2 – Stay Alert on Taxes;
- Rule 3 – Maintain Adequate Insurance;
- Rule 4 – Hire Smart;
- Rule 5 – Manage Fairly & Wisely;
- Rule 6 – Catch and Correct Wage & Hour Violations;
- Rule 7 – Be Careful with Independent Contractors;
- Rule 8 – Know the Local Rules;
- Rule 9 – Don’t be a Sitting Duck;
- NFIB Small Business Legal Center’s October 10, 2018 presentation in Salt Lake City, entitled: “10 Ways to Stay Out of Court.”
*While the information provided here is intended to be accurate, it is not legal advice. Employers are advised to seek counsel from a trusted employment law attorney.