carry out their work as the "appointed officials" that we indisputably are! The NSA "hat" sort of drives this train, since it demands activities outside the scope of a commissioned NP. Honestly, I wish at times only my commission was needed and the signers just paid for the notary services up front; then they (loan parties & such) could command the closing and compensation according to Regulation. Another discussion, I know . . .
I found the common thread in these writers' take to be the IC's Business Status. Insurance site has this to say (and of the info I've reviewed there's overall was easiest for me to get sense of):
"A true independent contractor must be established as a legitimate business with a business name, business accounting records, a declared legal form of ownership (sole proprietorship, partnership, corporation, or limited liability corporation), a legitimate place of business, business stationary, and ideally, an Employer Identification Number (EIN).
Most importantly, the independent contractor must be able to demonstrate multiple sources of 1099 income. During the course of the calendar year, she must be sure to perform work for other customers in addition to your company. Your company cannot be her only source of business income."
The 20- Point Test (http://www.epiclife.com/blog/how-to-legally-use-independent-contractors-in-your-business/)
NOLO shares similar idea, including need for written IC agreements.
http://www.nolo.com/legal-encyclopedia/preserving-status-independent-contractor-30177.html |
