Can you work with 2 employers at the same time?

There is nothing in the law prohibiting you from working for two companies at once. There is also nothing in the law prohibiting one or both of these companies from firing you for doing so. The law simply does not address the matter.

What is a W-2 form and when must an employee receive this by?

Copies to Employees Deliver W-2 copies labeled “B,” “C” and “2” to workers by January 31 of each year. The IRS considers mailing the copies on or before the due date as meeting the requirement to furnish copies to employees, providing the forms display proper mailing addresses.

Can a LLC pay all employees at the same time?

If there are multiple LLC members who participate equally in the operation of the company, however, you can’t pay one employee wages but not the others. You can, however, set it up so that if you are the only member in a management role, you can also be the only one to receive wages.

Do you pay taxes when you become an employee of a LLC?

When you become an employee of your LLC, you must pay tax on the income and the LLC must withhold taxes for you. You will not pay any self-employment taxes on the salary.

Can a LLC have unlimited number of employees?

An LLC can have an unlimited number of employees. An employee is defined as any individual who is hired for wages or salary. There is a distinction between the employees, who work for the company, and the independent contractors, who may perform contracted work tasks for the company but are not among the company’s employees.

Do you have to have an LLC to hire an employee?

For LLCs to hire employees, they must first obtain an employer identification number from the U.S. Internal Revenue Service (IRS). This is required in order to report taxes and other documentation to the IRS. LLCs must keep records of employment taxes for at least four years.