Chapter 2: Contracts that Define Employment Relationships
One clear indication that your IT business is flourishing? You have so much work that you have to hire some help to keep up with demand. That's the good news.
The bad news is that when you hire, you can be held liable for a host of problems. For example, if a subcontractor makes a mistake, your company could end up paying for the lawsuit against him. If you accidentally misclassify an employee as an independent contractor, the IRS could fine you.
One way to prevent fines and lawsuits is to use contracts. In this chapter, we'll look at the key ingredients of several contracts you may use to limit your liability exposures and ensure your employees or contractors understand the terms of your relationship.
Next: Part 1: Examples of Employment Contracts