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Music, hey YouTube! Will Lopez here, founder and advisor at Fight Calm. Thanks for joining me here today. Today, we're going to talk about independent contractors versus employees. If you have an LLC or an Inc and you have individuals working with you, you may be wondering if you should keep them as independent contractors or treat them as employees. To make this decision, we need to ask ourselves two important questions. Firstly, what is our responsibility for paying independent contractors? Secondly, when does an independent contractor become an employee? These are crucial questions to consider, as the IRS and the Department of Labor care greatly about this topic. But before we delve into it, if you'd like to schedule a free 30-minute consultation with us, be sure to click the link in the description below or type "meetme.com/freebie" into your web browser. Let's dive right in. The first thing we need to consider is which tax classification this topic applies to. It applies to all tax classifications, whether you have an LLC, a sole proprietorship, a partnership, or even a C Corp or an S Corp. The determination of whether someone should be treated as an independent contractor or an employee is relevant across all these tax classifications. Now, why is this topic extremely important? Well, as a business owner, it is critical that you correctly determine whether the individuals providing you services should be treated as independent contractors or employees. For employees, you have several obligations, such as withholding federal income tax, paying Social Security and Medicare tax, and paying federal and state unemployment tax. However, for independent contractors, you do not have these obligations. This is where the temptation lies for many business owners. Treating individuals as independent contractors may seem appealing due to the lower tax...