Question on classifying employment for income purposes

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03-03-2011, 01:50 AM

kenae1210

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Join Date: Mar 2011

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Question on classifying employment for income purposes

I am currently being paid by an organization as a vendor - they pay me a certain amount to teach a class. I have heard that I will have to incorporate myself as an LLC if I hit a certain threshold. Is this true? Do I need to revert to being a contractor under a 1099 to avoid tax implications?

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