Make sure you do the following items....
Have a contract with each one of your 1099 with a signed W-9 on file.
Do not set hours if possible for them to show up - let the company you are working for define that if needed.
Do not advance your 1099's money such as per diem for meals, which might be considered a benefit.
If you buy or front them eqipment needed to perfrom their jobs, make sure you have it set on a per month or so payment plan so as they own the gear fairly soon. I say these as crossing any of these can have those people determined to be " Employee Status " if you are audited, and the work compensation people are doing more audits as they simply need the revenue.
And the person that mentioned paying out 90 percent was dead on - you need more income then 10 percent to run your business especially for the ups and downs of invoicing and payments being untimely.
Best of luck.
Re: New (Hopeful) Sub - In need of experienced adv
Member #: 199
Registered: 1996-2001
Posted:
320
Name:
Chris Kramer
Name:
Chris Kramer
Company:
Spectrum Planning, Inc.
Occupation:
VP of Operations
Location:
St. Charles MO.
Experience:
~39 years
There is 1 reply to this message
