Critical Documents Required from an Independent Contractor
Ask the contractor to update this form annually. This form provides the information you need to give them a Form 1099 at year-end. They will pay taxes on any Form 1099 income.
Scope of Work – Initialed and signed by both parties
Independent Contractors Agreement – protect yourself/business/community association
Items that must be addressed and included in the Independent Contractors Agreement are included in the post: Hiring a Contractor? Get this in Writing and Include these Terms!
Final Lien Waiver – Require after Punch List has been completed
- Clarifies that full payment has been made.
- Everyone is satisfied
- The contractor has paid all his employees/subcontractors in full
- Releases client/community association from any claims/liens (including Mechanics Liens)