I’ve been asked a question on several occasions that I want to answer for you today:
Should I pay my employees off the book and not report all the money my store makes?
One of the lures of owning a laundromat is that it’s a cash business.
Laundromats provide a great opportunity to build economics, but it can be tempting to operate the business and pay employees off the books.
Now, I’m not here to tell you what to do with your business.
BUT, I will share with you some of the pros and cons I’ve seen other small (emerging) businesses go through when trying to decide if they should pay someone off the books.
