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by bradleyjg
2914 days ago
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It’s going to be tough for your consultants to stay truly anonymous. Presumably you’ll be issuing them 1099s, they may need to adjust withholding, they’ll have decide whether or not to incorporate in order to limit their liability, and so on. Nor am I so sure this would be completely legal. It might run afoul of the honest services statute even as narrowed by SCOTUS. |
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You are not required by law to report 1099's to your employer from what I understand - but we still encourage them to check with employers before agreeing to join The Lobby.
Last point, we've learned that if you use marketplace features on Stripe or PayPal, you potentially don't need to issue 1099's if you make less than $20k in a calendar year, which we don't know any of our individual insiders will make even at scale (if they make $20k, I suspect they’ll find a way to make the paperwork work!)