Workers can either be classified as employees or independent contractors. As an entrepreneur, getting the distinction between these two categories is absolutely important. Many entrepreneurs have found themselves on the wrong side of the law and the Internal Revenue Service due to a misclassification.
After getting the classification right, the next step is having the right contract in place that defines the working relationships. In the case of employees, you’ll have an employment contact. In the case of independent contractors, you’ll have an independent contractor agreement.
We have published a detailed guide that covers all you need to know regarding an independent contractor agreement. With the exponential growth of the gig economy and disruption brought about by the Coronavirus pandemic, we believe entrepreneurs will find great value in this guide.