Q: I am looking to avoid paying for Workers Compensation Insurance.
I understand there are two ways, please confirm:
1. Keep company ownership as is (100% owned by my wife) and obtain NJ approval for self insurance. How can I do it? any form to fill? submit to where?
2. Transfer 100% company ownership from to me (as I am the only one who does work for this business) and avoid Insurance requirement.
IGS Consulting is S-corporation ploviding engineering consulting services in construction (plumbing and fire protection) industry.
A: Check with the NJ Dept. of Labor and Workforce Development based on what type of work entity you have created.
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