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Employee Filings for Corporations
Some of the legal filing requirements of your corporation to comply with federal, state, and local employee regulations.
If your corporation has one or more employees, it is subject to a multitude of legal requirements, including registration with state and local agencies; paying for different types of employee insurance; and compliance with state and local safety and health laws.
A selection of these legal requirements are as follows:
- State Registration Forms for Employers. States may have an Employee Development Department that requires owners of businesses to report new employees. One of the purposes of this system is to promote payment of child support.
- State Unemployment Insurance Tax. The employer pays a determined percentage of each employee's wages as State Unemployment Insurance Tax. Unlike the Federal Unemployment Tax, the employer pays the entire amount of the state unemployment insurance tax.
- Federal Unemployment Tax (FUTA).
- State Disability Insurance. Employers deduct employee contributions to this fund and deposit it with the state. This insurance provides coverage when a worker is disabled and unable to work. Employers deduct an employee contribution and deposit the amounts periodically with the state.
- Workers' Compensation Insurance. Workers' Compensation Insurance is insurance provided to employees and their dependants by the employer for employment-related accidents or diseases. Businesses with employees must maintain Workers' Compensation Insurance coverage either on a self-insured basis or through a commercial State Workers' Compensation Insurance Fund.
- Federal and State Job Safety Laws. Federal job safety laws are administered by the federal Occupational Safety and Health Administration (OSHA)(http://www.osha.gov). Twenty-three states have approved State Plans at the encouragement of OSHA, which are referenced at the OSHA Web site. State job safety laws can also be found in the Business License Directory at AllBusiness.com.
Information for these additional Employer Filings is available through the AllBusiness.com Business License Directory that directs you to state Web sites that offer business license information. Many states have agencies that act as clearinghouses for permits and permitting agencies, some of which will be referenced at the state Web sites.
Also visit the Employment Regulations page at AllBusiness.com for additional reading.
Research the various legal business structures available and find the right fit for your new business at AllBusiness.com.
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