Short Answer 
The key changes when you no longer have employees include relief from employee salary taxes, reduced workplace safety regulation burdens, and the removal of obligations to pay fair wages. However, one must still maintain a business license and comply with advertising standards.
Step 1: Understand Tax Implications
When you no longer have employees, one significant change is in your tax responsibilities. You would be relieved from the obligation of paying employee salary taxes. This means that you can allocate those funds elsewhere in your business or personal finances, as you are no longer responsible for remitting these taxes to the government.
Step 2: Evaluate Workplace Safety Regulations
Without employees, you are no longer bound by certain workplace safety regulations. While maintaining a safe environment is always crucial, not having employees exempts you from specific legal requirements related to occupational health and safety. This shift can reduce administrative burdens and costs associated with compliance.
Step 3: Consider Fair Wage Obligations
Another consideration is the removal of the obligation to pay your employees a fair wage. Without any staff, you are free from legal mandates surrounding employee compensation. However, it’s essential to remember that running a business still requires maintaining a business license and adhering to truthful advertising standards, regardless of your employee status.