The Essentials of a Contract Between Boutique Professional Service Firms and Independent Contractors
In the dynamic world of boutique service firms, leveraging the expertise of independent contractors is a widespread practice. It’s a mutually beneficial relationship that allows firms to flexibly scale their services and contractors to enjoy the autonomy of freelance work. However, to navigate this cooperation successfully and legally, a well-structured contract is indispensable. This necessity is twofold: compliance with the Internal Revenue Service (IRS) regulations and the safeguarding of a firm’s intellectual capital.