Hiring your kids in your business should be a top priority.
Now, hear me clearly:
• I’m not talking about paying them under the table.
• I’m not talking about handing out allowances.
• I’m definitely not talking about “helping out” without proper structure.
I’m talking about putting your kids on payroll—and giving them a legitimate W-2 from your business.
It’s one of the smartest plays you can make for your kids, your money, and your business.
Many entrepreneurs overlook one of the most powerful strategies for:
• Building generational wealth
• Teaching financial literacy
• Reducing taxable income
We let our kids “help” around the business, but we don’t set them up properly to:
• Earn a paycheck legally
• Build work history
• Contribute to their own future (even retirement!)
And meanwhile, we’re leaving major tax benefits and legacy-building opportunities on the table.
Hire Your Kids the Legit Way
When you put your children on official payroll:
• Your business gets a tax deduction for their salary.
• Your child gains work experience, builds savings, and learns money management early.
• You redirect money you would’ve spent on them anyway—but now, it’s tax-advantaged.
It’s a true win-win-win.
Let’s break this down using The Where, Why, What:
Where, Why, What: Legacy Moves
Where Are You Now?
• Are you giving your kids chores or tasks around the business without real structure?
• Are you missing out on legitimate tax-saving strategies that benefit your family?
• Are you thinking about legacy but not laying down the systems for it yet?
Why Does This Matter?
• Because the tax code favors those who use the rules strategically.
• Because you want to teach your kids how wealth and work truly work—not just tell them.
• Because you can either pay them informally—or pay them intentionally and create a legacy.
What Should You Do Next?
• Set up official roles your kids can fulfill (admin, social media help, marketing assistant, etc.)
• Put them on your payroll—issue a W-2, not under-the-table cash.
• Document their work to stay compliant and maximize deductions.
• Open savings or investment accounts for them to secure their earnings.
Building Security and Esteem Early
When you legally hire your kids:
• Safety & Security: They build a sense of financial independence and protection early.
• Esteem: They gain confidence through real-world work and responsibility.
• Self-Actualization: They learn they can be contributors, creators, and builders of their future.
Build Smarter, Not Just Harder
Here’s your challenge:
1. Review your business tasks—what work can your kids legitimately do?
2. Talk to your accountant or tax advisor about setting up your kids on payroll properly.
3. Start seeing your business as a legacy tool—not just a paycheck.
Your business isn’t just a vehicle for income—it’s a vehicle for generational impact.
Key Takeaway
“Don’t just have your kids work—put them in position. Payroll them. Teach them. Build them. The best bang for your buck isn’t just today’s profit—it’s tomorrow’s prosperity.”
“Two Books, One Mission: Your Guide to Clarity and Purpose”
Ready to take the next step in redefining your goals and gaining clarity? Discover the tools and insights you need with my books:
📖Where Why What: Unlock the Secret to Clarify Your Goals – Learn how to clarify your vision, take intentional action, and achieve your dreams.
📖 The Where Factor: From Adoption to Entrepreneurship – A powerful book aligning past, present, and future for success.
– Don’t wait—Start your journey today:
www.TheChrisChaney.com 
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