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Can Businesses Avoid Minimum Wage Requirements by Bartering Services?

By July 31, 2019December 12th, 2022No Comments

Illustration of a scale of justice holding a person and a money bag

In an effort to protect their bottom lines, business owners give much consideration to the costs of running their day-to-day operations. As part of this consideration, business owners often pay particular attention to staffing requirements and employment expenses. This may result in experimenting with alternative hiring arrangements, such as utilizing independent contractors and engaging in the practice of bartering services. Though hiring independent contractors and engaging in bartering can be effective ways to save on staffing costs, it is incredibly important that those hired are properly categorized and compensated. Because the line is often blurred between independent contractors and employees, it is essential that employers understand the difference to avoid trouble down the road.

If you’re considering bartering services for the financial benefit of your business, ensure your business is protected by following the guidelines and tips in this article on the COSE website.

Did you know we offer a free tool to help business owners limit unwanted litigation? It’s called the CM6 CheckUp.

Take your free assessment today.

Gertsburg Licata is a national, full-service business law and strategic advisory firm offering a full range of legal services. Call 216-573-6000 or contact us here. 

This article is for informational purposes only. It is merely intended to provide a very general overview of a certain area of the law. Nothing in this article is intended to create an attorney-client relationship or provide legal advice. You should not rely on anything in this article without first consulting with an attorney licensed to practice in your jurisdiction.   

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