What constitutes an employee relationship versus an independent contractor relationship?
The IRS has delineated 25 factors in its test to determine whether you are an employee or an independent contractor. Basically, the decision may involve whether you have the right to direct how and when work is to be performed, as opposed to merely controlling the outcome of the work. Nonetheless, it is advisable to seek appropriate counsel in order to determine in which category you fall and which category provides you with the best benefits, under the given circumstances. 11. What types of insurances do I need as an independent contractor? The types of insurance you need vary greatly depending upon the particulars of your business endeavors. Types of insurance to consider include general liability insurance, first party property damage insurance, medical coverage insurance both for yourself as well as for business and non-business invitees injured on your premises, workers compensation insurance, etc. Once again, it is strongly advised that you consult with appropriate counsel or ins
