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How much money do I need for a Contract Staffing Business?

Written on November 22nd, 2017 by in Blog

It can be extremely expensive to fund your own payroll. When you open a contract or temp firm you are responsible for the following:

• You must be registered as the Employer of Record in the State
• Payroll expenses, taxes, worker’s comp, benefits etc.

There are funding companies that we will recommend to you that can provide the entire back office as well as the funding. They bill the clients, pay your employees, handle all taxes etc., take their fee and then send you a check each week.

With the complexities of the Health Care Reform Act, you will see more contract and staffing firms utilizing the services of these funding companies. Once we understand the niche you select and your short and long-range goals, we will know which funding company to recommend to you.