Did you know the laws have changed? Since January 1, 2022, New Mexico has implemented new regulations on how businesses can legally work with and hire Independent Contractors. Additionally, in March 2024, the Department of Labor finalized a rule enforcing these laws, making it more challenging to work with Independent Contractors.
Did you know that fines can be astronomical if a business is found to be working with Independent Contractors who should be classified as Employees? New Mexico does not have a set penalty amount, meaning fines can exceed those in California, where penalties range from $5,000 to $25,000 per violation. If misclassification is found to be intentional, jail time may also be imposed.
Learn how to properly establish your company to protect yourself, hire Independent Contractors correctly from any state, and structure your business for success.
Join our Structure class tailored to your business needs.
Lunch is provided.
FYI... Any Independent Contractor who completes our course receives a Certificate of Completion, demonstrating their understanding of the laws and proper setup of their Contractor business. This provides additional proof of business ownership, protecting you and your business when working with Independent Contractors.
Check out our upcoming classes in the Albuquerque-Santa Fe area at www.businessmatrixtoolbox.com.
There is an upfront fee for the course, payable during registration on our course webpage. The exact location of the course, which will take place in Albuquerque, will be provided on your digital receipt.
This course is designed to help businesses understand the laws, rules, and regulations associated with working with independent contractors in any state across the nation. Since each state has different requirements, this comprehensive course provides the resources needed to establish and structure your business, allowing for flexibility to operate throughout the country.
What is included:
A breakdown of the laws
Pay structure ideas for contractors
The correct ways to find and hire
How to set your company up to work with independent contractors
A breakdown of a Statement of Work (SOW) and contract
Booklet for interactive work
Breakout sessions
Information on setting up your business as a start-up for those who are new
Before attending the class, you will need to sign a Non-Disclosure Agreement (NDA) to protect the proprietary educational materials.