Your 1099
field manual
5 things to get ready for before you start. In plain English.
Hover or tap a card to see what it means
0 of 5 cards declassified
1 of 5. YOU’LL PROBABLY WANT AN LLC.
- What it means
- You’re an independent contractor. That makes you a business of one. Our top guys all have an LLC.
- What to do
- Decide early whether you’re going to set one up or not.
2 of 5. YOU MIGHT MAKE A LOT OF MONEY.
- What it means
- Your pay follows your results, and there’s no cap. That’s a good problem, and it comes with decisions.
- What to do
- Talk to a money guy early, before the big checks, so you know what to do with it. We know some good ones.
3 of 5. TAXES GET MORE COMPLICATED. GET A TAX GUY EARLY.
- What it means
- Nobody takes taxes out of your pay for you. That part is on you.
- What to do
- Talk to a tax guy way before taxes are due. We know some good ones.
4 of 5. YOU PAY YOUR OWN WAY.
- What it means
- Car, phone, health insurance and retirement are yours to handle. There’s no benefits package.
- What to do
- Ask the money guy what to track and what to plan for.
5 of 5. PAY CAN COME IN LUMPS. SOME COMPANIES CAN TAKE IT BACK.
- What it means
- Commission follows sales, so some weeks are big and some are slow. Some companies can take pay back later.
- What to do
- Ask any company when each dollar is paid and what can reverse it. With us, it never gets clawed back.