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The Big L Word - Liability
Manage episode 441997205 series 3493434
Contenuto fornito da Doug Mitchell. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Doug Mitchell o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
In this episode of 'Building Great Sales Teams,' Doug Mitchell explores the complexities and legalities of structuring sales positions, particularly focusing on the ongoing debate between W2 employment and 1099 contracting. He touches on the IRS and insurance implications, the importance of setting up an LLC, and the motivational and mindset factors of different employment structures. Additionally, Doug underscores the necessity of having an HR handbook and robust policies to mitigate liabilities and ensure smooth business operations. The episode provides actionable advice for entrepreneurs on optimizing their sales teams while maintaining legal compliance.
Chapters
- 00:00 Introduction and Format Change
- 00:29 Understanding Sales Team Liability
- 00:56 W2 vs 1099: Legal Considerations
- 02:04 Insurance and IRS Implications
- 03:00 Setting Up Your Sales Structure
- 04:24 Legal Language and Lawyer Consultation
- 07:16 Motivation and Mindset for Salespeople
- 11:26 HR Handbook and Minimum Standards
- 12:40 Decision Fatigue and Systems
- 16:56 Conclusion and Final Thoughts
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