Remove independent-contractors
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Understand the Funding Process and What Investors Want to See

Gust

But most businesses require some money before they can be started—to pay for software, buy tools or equipment, lease office space, or pay for the time worked by employees or outside contractors.

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Warning: Contractors must really be independent!

Berkonomics

How many of us have “hired” independent contractors over the years, a bit worried over the gray area between employee and contractor as defined by the IRS? And the IRS has raised the bar on its test as to whether an independent contractor is not in reality an employee. How about a contractor CEO?

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After bootstrapping for 15 years, energy renovation company Effy raises $22 million

TechCrunch

Effy started building a significant network of contractors and redirecting home owners to these partners. In particular, its marketplace is still mostly a lead generation product for energy renovation contractors. When potential clients want to move forward with their home projects, they are connected with independent contractors.

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Branch raises $48M from Lee Fixel’s Addition, Indeed to provide accelerated payments to workers

TechCrunch

Branch was founded to give companies a more cost-effective, faster way to pay employees and contractors, which in turn theoretically can maybe help them attract and retain talent and save money compared to using traditional payment methods. . Branch also recently inked an agreement with Kelly, a global staffing firm.

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What Tax Mistakes Should I Be Aware of as a Startup Founder?

Startup Blogpost

Ahad Ali , CPA, Ahad&Co Misclassifying Workers as Independent Contractors Instead of Employees This mistake can cause serious tax consequences and penalties. When a worker is classified as an independent contractor, the startup is not required to withhold payroll taxes or provide benefits such as health insurance or paid time off.

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Branch raises $75M to help workers get paid faster

TechCrunch

Put simply, Branch’s mission is to give companies a more cost-effective, faster way to pay employees and contractors, which in turn theoretically can maybe help them attract and retain talent and save money compared to using traditional payment methods. Companies can also add custom rewards for their employees and contractors to the program.

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7 Important Tax Strategies for Startup Founders

Startup Blogpost

Andrew Chen, Chief Product Officer, Videeo Learn How to Categorize Workers Although startups frequently hire independent contractors and freelancers to help them expand, they should be aware of the tax consequences associated with misclassifying these workers as employees.