254-299-8141
800-349-7232
Can I hire my children or relatives and get a tax deduction?
Yes. This is a common practice of small family owned businesses. As long as the child or relative is performing some needed service for the business and is paid approximately what a non-relative would be paid for the same work, it is allowed.
Funded in part through a cooperative agreement with the U. S. Small Business Administration. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the MCC SBDC office, 1-800-349-7232 or 254-299-8141.
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Success Stories
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“Michael Green at the Small Business Development Center at McLennan Community College was instrumental in helping my partner and I plan for opening UpGrade Educational Services. He was very patient in working with us on the development of our business plan and emphasized its importance with respect to the success of our business. And he was right! The answers to the questions we had to ask ourselves in business plan development have guided us throughout our startup and will continue to do so in the months ahead.”
