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Working for husband to be
My fiancée and I have been together for over seven years. We have a child together who is almost 3. I have a great job. Good money. Great benefits and perks. He has a great job, great benefits and travels a lot.
Q: over the past few years, he's been asking me to quit my job and work for him as his assistant. I've been doing administrative work since forever. I love what I do and I do it well. I have no doubt if I were to work with him, he could be more productive with his time. He's great at what he does, he just isn't very good at the administrative duties. I have two mothers, birth and step. Both of whom have always raised me never to "depend" on anyone for financial support. If I were to go and work for my husband to be, what legal documentation should I have, if any. Should we create an LLC and him pay me a salary? What if we were to split years down the road? Would I just basically be S.O.L? Any advice you could give would greatly be appreciated! Thanks! |
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If you are not paid a regular salary then I would not do this. You also need to be paid as an employee with taxes taken out vs an independent contractor (self employed) status or you will be hit with a lot of taxes. If you two do part down the road, then at least you had your taxes and SS and medicare taxes paid. There are several ways to work it out and the LLC is probably your best bet right now. I also agree with mom(s) in their thinking. Right now in this economy if you can hold onto your job until things straighten out in this country, I'd keep my job and help him on the side (paid of course) as much as possible to help him get ahead. Until you are married, you have no say in a financial way with his company or any monetary gain from your contribution unless it is in writing and you are deemed a partner, etc. Is he self employed or works for a company, you didn't say.
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I would say, no, love him, be his partner in marriage, but don't let him be your boss at work, it wll lead to him trying to be boss at home and if problems at home ( we all have them) they follow you to work.
Keep your independence to a point. If you do it, make sure you have a set pay, and get a paycheck. |
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