What does "Employer of Record" mean?

As Employer of Record, TEAM legally employs your household staff on your behalf. This means TEAM handles all payroll taxes, workers' compensation, benefits administration, and HR compliance, shifting employment liability away from the family.

Do you service families with staff in multiple states?

Yes, TEAM manages employment compliance across all 50 states. This is particularly valuable for families with multiple residences and staff who travel between properties.

TEAM Risk Management Strategies

Protecting Families Through Professional Household Employment

United States of America

Founded 2003

Service Providers

TEAM handles payroll, HR, and compliance for household staff, removing administrative burden and employment risk for families and advisors by acting as Employer of Record.

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About TEAM Risk Management Strategies

TEAM Risk Management Strategies serves as the Employer of Record for household and estate staff, managing payroll, benefits, workers' compensation, and HR compliance. By assuming employment risk, TEAM protects families and their advisors from liability exposure.

With over two decades of experience, TEAM works with some of the most prominent families in the United States, providing a white-glove service that covers everything from background checks and onboarding to tax filings and regulatory compliance across all 50 states.

More Details

Attribute	Details
Categories	Lifestyle & Concierge, Outsourced Solutions, Risk Management
Features	Multi-State Compliance, Dedicated Account Manager, 24/7 HR Hotline
Target Segments	Multi-family office, Single-family office

Insights from TEAM Risk Management Strategies

Why there’s no such thing as "just" payroll for family office household staff

For family offices that employ household staff, payroll is significantly more complicated and involves much more than a simple transaction like paying a utility bill. It’s a legal and operational process that spans numerous regulatory requirements, tax implications, and compliance considerations that can present many challenges, especially when it culminates in termination. In this article, we speak with Joe Sofia, CEO of TEAM Risk Management Strategies, to unpack some of these household staff employment issues.