A boss who hires a friend or relative is also guilty of a conflict of interest - in fact, boss will find this conflict will only get worse as time goes on. No matter circumstances, employees will never respect boss who performed this hiring or employee who was hired. In this instance, even if there is no conflict of interest, appearance is so strong that it cannot be overcome.

I remember at one job boss (and owner) hired his wife as secretary for company. She was soon promoted to a vice president. This cause no end of problems at our company. Several other competent people were passed over for promotion, which created a huge amount of bad feelings among staff. Every decision that she made was questioned, and after that no one really trusted owner anymore. In this case problem was not that she was hired or even promoted - problem as that boss promoted his own wife. If she had earned her way up and been promoted (or not) by other managers based upon her merit, then conflict could have been avoided.

I've seen people in situation where they had to make a decision and took into account "what was best for their career" or made decision that would give them best raise or bonus. There is nothing wrong with pursuing a career or working towards better pay, but decisions must be made which are best for company and which are ethical. Period. Thus, if there is a choice between a good decision for my company or a good decision for my career, then company wins every time. And in long term, this is best decision for any career.

Good employees and good managers avoid situations like these as if their lives depended on it. A conflict of interest, apparent or otherwise, is never a good thing. Decisions must be made based upon facts and must be made to advantage of company to which you work for (and owe your allegiance). The most ethical thing to do is to make decisions which fulfill goals of company, and not which fulfill your own personal agenda.

4. How To Incorporate Yourself

Many books have been written by lawyers on how to incorporate yourself.

For example, in Canada, M. Stephen Georgas, LL.B., has written books on subject of forming your own corporation. Published by International Self-Counsel Press Ltd., he has authored "Incorporation and Business Guide for Ontario" ("How to form your own corporation Includes tax advantages to incorporating") and "Federal Incorporation And Business Guide" ("How to form your own Federal corporation under The Canada Business Corporations Act").

The same publisher sells forms and minute books as well as titles for incorporating in other provinces of Canada.

Forms, corporate supplies, name searches, and kits are available from legal stationers and other sources.

In United States, there are likewise many manuals available for incorporating yourself in various states. "Incorporating Your Business For Dummies" by The Company Corporation and "How To Form Your Own Corporation Without a Lawyer for Under $75.00" by Ted Nicholas are two such books.

Sometimes helpful information on this subject is available from federal, provincial and state governments for free or nominal cost.

You can sometimes locate incorporation manuals at your local library for free. Be careful. Legal manuals become outdated very rapidly. You might consider very seriously purchasing most up-to-date manual available; it might also include helpful reference material on maintaining corporate minutes and other helpful suggestions on operating your corporation.

Buy appropriate manual and supplies and then follow instructions. With a little effort, you could save hundreds of dollars incorporating yourself without a lawyer.

For further resources on incorporation, please visit: http://www.yenommarketinginc.com/incorporation.html

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J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com/ has been helping clients to earn maximum business profits for over twenty years.

For more valuable Work at Home Business Ideas, visit: http://www.yenommarketinginc.com/

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J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com/ has been helping clients to earn maximum business profits for over twenty years.

For more valuable Work at Home Business Ideas, visit: http://www.yenommarketinginc.com/