Guidance Document Information
| Title |
Salespersons Must Be Employees |
| Document ID |
LI020-18 |
| Summary |
By defintion, a salesperson must be an employee of a dealership. This document provides guidance as to determining what constitutes an "employee" especially with regard to members of an LLC.
08/21/2018 Update: A member of a Corporation, LLC, or Partnership who is also a licensed salesperson may receive either a "K-1" and/or a "W-2" at the end of the tax year |
| Effective Date |
8/21/2018 |
View document text
Posted On 9/14/2018
Document on Town Hall
|
| Explanation or Citations |
By defintion, a salesperson must be an employee of a dealership and may not be an independent contractor. (COV Section 46.2-1500) |
This document applies to all boards for this agency
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