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Modeling Services Contract - Self-Employed

Guam Modeling Services Contract - Self-Employed

Name: Guam Modeling Services Contract - Self-Employed
Brand: US Legal Forms
Rating: 4.62 (368 reviews)

Category:

Employment - Independent Contractors - Modeling

State:

Multi-State

Control #:

US-INDC-140

Format:

Instant download

Description

Employer contracts with a model or modeling agency as an independent contractor to provide modeling services for the employer as specified and agreed upon in the contract and for a specified amount of time.

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FAQ

An independent contractor is a self-employed person or entity contracted to perform work foror provide services toanother entity as a nonemployee. As a result, independent contractors must pay their own Social Security and Medicare taxes.

To set yourself up as a self-employed taxpayer with the IRS, you simply start paying estimated taxes (on Form 1040-ES, Estimated Tax for Individuals) and file Schedule C, Profit or Loss From Business, and Schedule SE, Self-Employment Tax, with your Form 1040 tax return each April.

Follow these steps on how to become an independent contractor:Identify your business structure.Choose and register your business name.Get business licenses and permit.Get a business number and find your taxation requirements.Get insurance for your business.Establish the requirements for your workplace safety.More items...?

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.

If you are a business owner or contractor who provides services to other businesses, then you are generally considered self-employed. For more information on your tax obligations if you are self-employed (an independent contractor), see our Self-Employed Individuals Tax Center.

How Do You Become Self-Employed?Think of a Name for Your Self-Employed Business. Consider what services you will offer, and then pick a name that describes what you do.Choose a Self-Employed Business Structure and Get a Proper License.Open a Business Bank Account.Advertise Your Independent Contractor Services.

The general rule is that an individual is an independent contractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done. If you are an independent contractor, then you are self-employed.

Simply put, being an independent contractor is one way to be self-employed. Being self-employed means that you earn money but don't work as an employee for someone else.

Employee or Independent Contractor? Fashion models are generally regarded in the United States as independent contractors. However, because a model is characterized as an independent contractor under a contract, does not necessarily mean that he/she is correctly classified as an independent contractor.

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Guam Modeling Services Contract - Self-Employed

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