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Freelance and Gig Workers
Being an independent contractor is rewarding. You are selling your expertise and you do not depend on one employer. Still, there’s much to consider and that is what makes it exciting. You probably already have your LLC. You may have a trade name. You may have your independent contractor agreement. The one that each employer who hires you will sign.
Important Factors When Creating and Independent Contractor Agreement
- As independent contractor you are in charge of making your profit or loss. What are the skills that dictate your hourly wage decisions, your time, compensation, and work scope. This is the part of being established.
- Are you investing in your business and what are your investments. Is employee investing in your business?
- How permanent is your work relations. Will it be a short time commitment or your long term, or managed book of business?
- How is your work schedule controlled. Is the employer the one who creates your schedule or you are the one that manages it?
- Consider whether your work is permanent or integral part of the employer’s business that is hiring you as independent contractor.
- What specialized skills are required for the job and whether you are requesting the training from the employer that is hiring you.
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