What is a contract? A contract is an oral or written agreement between two or more people in which all the parties involved benefit in some way. In a perfect world, the parties to the contract are able to carry out their obligations under the contract and everyone...
Businesses often seek to classify those who do work as independent contractors. The benefit to the employer is to reduce reporting requirements and to avoid the need to remit employer required contributions such as the employer portion of Medicare and Social Security....