04/05/2024
So you’re ready to expand your team and grow your business with independent contractors?
🚩 BUT not so fast . . .
Here’s why you need a solid Independent Contractor Agreement before you hire your first contractor:
Common sense tells us that if we paid for it, we own it, but the law doesn’t agree. 🌚
And when it comes to your business and its ability to build wealth, the law is in control.
☄️ So we use Independent Contractor Agreements to make sure you’re the legal owner of what you’ve paid your independent contractors to produce for your business.
Because if you aren’t the owner, that just means that that particular piece - that collateral - that material can be used elsewhere by someone else.
You might just look up and see pictures you purchased to attract your ideal customers being used to build up someone else’s brand. No sir, no ma’am. 🚫🙅🏽♀️
Another reason we rely on Independent Contractor Agreements is constantly overlooked by small business owners, and it’s usually a pretty costly mistake: it’s not about the label.
It doesn’t matter what we call our Independent Contractors.
What matters is the relationship we have with them, as far as the law is concerned. 🤝🏽
Independent Contractor Agreements help prevent your business from being deemed an employer, when all you intended to do was hire an independent contractor.
Why is that such a huge deal?
Well, because the last thing you want for your business is for a judge or one of the local, state, or federal government agencies to determine that your independent contractor is, in fact, an employee.
💣 Determinations like that can be fatal to small businesses because they trigger backpay, interest, violations, fines and penalties that most small businesses simply aren’t prepared to withstand.
SWIPE ➡️➡️to see how hiring independent contractors without an Independent Contractor Agreement can hit small businesses and startups hard right where it hurts most: the POCKETS!
