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Indiana Outside Project Manager Agreement - Self-Employed Independent Contractor

State:
Multi-State
Control #:
US-INDC-150
Format:
Word; 
Rich Text
Instant download

Description

Employer contracts with an outside project manager for hire as an independent contractor as specified in the contract. Agreement includes a confidentiality clause.
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FAQ

Independent contractors doing business in the State of Indiana are required to file a statement and documentation with the Indiana Department of Revenue (DOR) stating independent contractor status. There is a five dollar filing fee and the certificate is valid for one year.

How do I create an Independent Contractor Agreement?State the location.Describe the type of service required.Provide the contractor's and client's details.Outline compensation details.State the agreement's terms.Include any additional clauses.State the signing details.14-Feb-2022

If you are an independent contractor, then you are self-employed. The earnings of a person who is working as an independent contractor are subject to self-employment tax.

Independent contractors provide goods or services according to the terms of a contract they have negotiated with an employer. Independent contractors are not employees, and therefore they are not covered under most federal employment statutes.

The 5 personality traits that make a successful contractorConfidence. To become a successful contractor - it's important to have confidence in your own abilities.Personable.Flexibility.Problem Solving.Honesty.

What the service is and how much the contractor will be paid. If the client/customer will cover expenses or provide resources. When the contract will end. If either party will be penalized for things such as late payments or unfinished work.

Paying yourself as an independent contractor Independent contractor pay allows your business the opportunity to stay on budget for projects rather than hire via a third party. As an independent contractor, you will need to pay self-employment taxes on your wages. You will file a W-9 with the LLC.

Becoming an independent contractor is one of the many ways to be classified as self-employed. By definition, an independent contractor provides work or services on a contractual basis, whereas, self-employment is simply the act of earning money without operating within an employee-employer relationship.

These factors are: (1) the kind of occupation, with reference to whether the work usually is done under the direction of a supervisor or is done by a specialist without supervision; (2) the skill required in the particular occupation; (3) whether the employer or the individual in question furnishes the equipment used

Whatever you call yourself, if you are self-employed, an independent contractor, or a sole proprietor, a partner in a partnership, or an LLC member, you must pay self-employment taxes (Social Security and Medicare). Since you are not an employee, no Social Security/Medicare taxes are withheld from your wages.

More info

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Indiana Outside Project Manager Agreement - Self-Employed Independent Contractor