There are laws that govern how you must interact with employees. Documents you need, policies you need to have. Do you have you and your employees legally covered? It could cost you more to fix later than fixing it now.
What happens if I am not in compliance? Do I really need one of those posters? I hear the minimum wage is going up in 2023, what is the new rate? If I am really small do I have to comply with the minimum wage?