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re: Help me with this nanny situation OT

Posted on 4/10/14 at 2:14 pm to
Posted by DirtyMikeandtheBoys
Member since May 2011
19430 posts
Posted on 4/10/14 at 2:14 pm to
quote:

yeah the liability stuff is concerning...I would definitely want to meet the parents if I did agree with this, and I would hope that the parents would want to see our house as well


And have them sign a waiver of liability for the child. Also form and LLC, and subcontract the nanny to watch the kids. You will be taking a %. This will help her get by and teach her how real life works.
Posted by Pax Regis
Alabama
Member since Sep 2007
12975 posts
Posted on 4/10/14 at 2:16 pm to
quote:

Also form and LLC, and subcontract the nanny to watch the kids. You will be taking a %. This will help her get by and teach her how real life works.


And spend more money filing a tax return and formation papers than you make off the deal. That doesn't sound like a viable solution. Not to mention the whole running an illegal daycare out of your home business.
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