Question
Regarding Introduction to Business Law: For the purposes of this imagine that you are the manager of a business which repairs and upgrades highway bridges.
Regarding Introduction to Business Law:
For the purposes of this imagine that you are the manager of a business which repairs and upgrades highway bridges. Your primary customer will be the State of Columbia (a fictional state) and Columbia will take bids on bridge repair contracts from entities such as yours. Columbia will contract with businesses to repair bridges as repairs are required and as the State has funds to pay for bridge repairs. Consequently, your business is cyclical your firm is working when Columbia has the need and funds for pay for a bridge repair and when your firm is the winning bidder on the project. You know that you need to have employees on hand continuously to respond to RFPs (Requests for Proposals) from the State, to prepare and present bids, and to do preliminary engineering work in connection with preparation of bids. You also know that you dont need any engineers, technicians, supervisors, and laborers unless and until your firm is actually awarded a project.
Given these constraints and acknowledging that the firm exists to provide services to the State in exchange for making a profit for the owners of the firm: Write out your business plan involving the workforce.
1.) Who do you need to have on the payroll year-round and who will you hire when a project comes in?
2.) Will the hires be employees or independent contractors, and what difference will it make?
3.) Will the IRS accede to your hiring judgments when evaluating whether you should be withholding taxes from all or some of the workers?
4.) What risk management devices will you use to protect the firm from mistakes which might be made by the workers?
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