Saturday, February 14, 2009

"Portable Employer"

In the orthopedic world, many reps are 1099 independent contractors. This means the sales reps are responsible for their own benefits and expenses. As independent business people, they must file their own quarterly taxes. Some choose to incorporate. These are added responsibilities, but there are also some potential advantages if one is a savvy business person.

Recently, we discovered a company which touts itself as a "Portable Employer of Record". They essential handle billing for independent contractors and consultants. As an "employee" of this organization, you have access to an array of benefits. Of course, there is some cost for this service- which is about 5% of the billed amount. Still, there might be some advantages.

MBO Partners

If you are familiar with this or other similar companies, I would be interested in learning more. Please comment or drop me an e-mail.

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