What are the major differences in having a contractor versus an employee and how does that impact your business? Being clear about your business and its activities allows you to determine if you are crossing the line with your contractors. Did you know that there are just certain things that a contractor CAN’T do?
In this episode, I break it all down for you. We talk about all things business activities, taxes, audit, etc. If you are looking to draw the line in the sand so that you get the benefit of either a contractor or employee, this is the episode for you!
Ready to discover THAT big CEO Energy? Listen now to learn:
- What is the true definition of a contractor and employee
- Why type of work can each of them do?
- Where are the gray areas?
- What happens when you misclassify an independent contractor?
Timestamps:
02:30 What is an Employee?
02:52 What is an independent contractor?
05:07 The difference in pay
06:37 Level of independence
10:49 Onboarding and training
14:18 Client example
17:10 Understanding the zone of genius and flexibility
25:01 Misclassification implications
27:19 Benefits of having independent contractors
31:43 Protection rights of employees
36:57 Copyright considerations
38:04 Audit risks
40:36 Independent contractor autonomy
42:10 Key takeaway
43:07 Outro
Links:
Kal+Co: www.thekalandco.com
1:1 Project Intensive:
https://thekalandco.com/services
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