Here is why you as a small business person must pay attention to these matters. "Immigration & Customs Enforcement (ICE) reports a Wichita KS restaurant owner pleaded guilty in federal court for hiring unauthorized workers. Based on a plea agreement, the court imposed a fine of $50,000.00.
According to ICE, it conducted an I-9 audit at the two Twin Peaks restaurant locations in Wichita and identified more than 20 unauthorized kitchen personnel. Although a Twin Peaks manager agreed to terminate the employment of the staff in question, Homeland Security Investigations (HSI), uncovered several months later that many of the same employees had been rehired."
Consider this, not only can you get fined, the impact of hiring illegal labor can deflate the value of your business! Why...because your labor costs are a false narrative. Meaning... because you enhanced your bottom, the buyer will, during their due diligence immediately argue that your selling price has to adjusted down.
Pacific Rim Business Consultants can help you position your business to get maximum value when you sell! Call us at 808-744-1826.