Below is information about CAN AN OFFICER OF A CORPORATION BE AN INDEPENDENT CONTRACTOR from a variety of sources. Please take a look at the materials that our team has selected for you.
https://www.robertschriebman.net/articles/officers-as-independent-contractors/
The bottom line is simple and basic – if you form a small California corporation and treat yourself as a corporate officer, you can not legally be an independent contractor. Professional who advise officers of small corporations that they can be treated as independent contractors for payroll tax purposes may be committing malpractice.
https://www.quidditch.info/c-office/can-an-officer-of-a-corporation-be-an-independent-contractor.html
The bottom line is simple and basic – if you form a small California corporation and treat yourself as a corporate officer, you can not legally be an independent contractor. Professional who advise officers of small corporations that they can be treated as independent contractors for payroll tax purposes may be committing malpractice.
https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-defined
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. The earnings of a person who is working as an independent contractor are subject to ...
https://www.justanswer.com/law/dg5n7-corporate-officer-interim-ceo-llc.html
The trouble is that corporate officers are almost ALWAYS employees because of the nature of the relationship and the scope of the work. This means that the LLC can do this, but my concern is that if this CEO has a change of heart, they can file a wage claim, plus there may be issues with paying payroll and unemployment insurance taxes. As such ...
https://www.robertschriebman.net/articles/an-officer-of-a-corporation-or-llc-is-a-statutory-employee/
That’s what being a “statutory employee” is all about. Both California and federal law say you must be an employee. There are very rare exceptions wherein a corporate officer will have a very limited and specific job within the corporation and then service the corporation as an independent consultant in other areas.
https://falconexpenses.com/blog/independent-contractor-corporation/
You can be an independent contractor and have formed your own company. However, it wouldn’t make sense for you to be an independent contractor of your own business, if you were the sole owner of that business. However, consult a lawyer or accountant for more complex situations that bring up the question about whether or not your own business ...
https://www.quora.com/Can-an-executive-officer-be-a-contractor
Answer (1 of 4): I can't advise you on the legal questions ("jurisdictional nexus") in your question (I am not an attorney), but it is common practice for restructuring firms to parachute into failing firms, install one of their employees as (for example) the failing firm's CEO or CFO on a contra...
https://axislc.com/public/is-an-officer-of-a-corporation-an-employee/
Rules are Different for Corporations than LLCs. For a corporation, including a C Corp. and an S Corp., generally, officers are considered employees of the corporation, if they’re being paid to provide services rendered. An officer of a corporation is the person who handles the day-to-day affairs of the organization.
https://www.nolo.com/legal-encyclopedia/are-your-nonprofit-directors-officers-employees-ics.html
By Stephen Fishman, J.D. Directors and officers who are paid by a nonprofit must be classified for payroll and other tax purposes. They can either be employees or independent contractors. The nonprofit must withhold and pay payroll taxes to the IRS for employees. There is no such requirement for independent contractors.
https://www.501c3.org/employee-vs-independent-contractor/
The reason businesses (including nonprofits) like to use independent contractors is simple: it saves on employment taxes. The problem lies in the fact that the person your nonprofit is paying is not an independent contractor simply because you want her to be. Whether or not someone is legitimately an independent contractor depends upon a set of ...
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