InfOE•3y ago

What are the major checklist items for C2C?

Just give me a high level detail

Solution

EIN from LLC paperwork
checking account for business
formation docs in case they ask
use invoicing platform like quickbooks small biz
business insurance (inquire after offer)
See attached image for another list of info needed by some select companies

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Solution

brilliant-lime•12/11/23, 8:11 PM

EIN from LLC paperwork
checking account for business
formation docs in case they ask
use invoicing platform like quickbooks small biz
business insurance (inquire after offer)
See attached image for another list of info needed by some select companies

crooked-brown•12/11/23, 8:20 PM

I recommend getting business insurance whether or not your company wants it

wispy-olive•12/11/23, 8:25 PM

Just get the biz insurance once u have contract

wispy-olive•12/11/23, 8:25 PM

No need to do ahead of time. Insurance is pretty instant

Wwispy-olive Just get the biz insurance once u have contract

brilliant-lime•12/11/23, 8:26 PM

i think both answers are correct at different stages of your c2c venture

brilliant-lime•12/11/23, 8:26 PM

especially as you start having concurrent contracts

Bbrilliant-lime especially as you start having concurrent contracts

wispy-olive•12/11/23, 8:26 PM

wispy-olive•12/11/23, 8:27 PM

Not following how being at different stage or having concurrent contracts makes different

Wwispy-olive ?

brilliant-lime•12/11/23, 8:27 PM

because your LLC is an entity that may have multiple recurring contracts. it's easier and better for having persistent coverage to have some umbrella insurance policy that you can eventually pay higher coverage for in case you run into another c2c contract that needs it

brilliant-lime•12/11/23, 8:28 PM

if you're Just starting out, sure you can wait til the offer comes in

brilliant-lime•12/11/23, 8:28 PM

but lets say you plan on getting one in january, one in march, one in september, might as well just get coverage for the average anyways

brilliant-lime•12/11/23, 8:28 PM

or if you plan on developing things for automation outside of your contracts and plan to sell them.. etc

brilliant-lime•12/11/23, 8:28 PM

lots of different cases as the llc matures

Bbrilliant-lime because your LLC is an entity that may have multiple recurring contracts. it's e...

wispy-olive•12/11/23, 8:32 PM

Why would I want to pay higher premium? I thought I'd want to save money on paying for insurance

Wwispy-olive Why would I want to pay higher premium? I thought I'd want to save money on payi...

brilliant-lime•12/11/23, 8:33 PM

let's say J3 is Kforce and requires a $1m general liability

few months later you joined home depot which also requires $1m GL

but then a few months later you joined teksystems and they need $2m General liability
you adjust your insurance to move up to $2m

Bbrilliant-lime let's say J3 is Kforce and requires a $1m general liability few months later y...

wispy-olive•12/11/23, 8:34 PM

Oh. Isn't the term for the $1m and $2m number coverage and not premium?

Wwispy-olive Oh. Isn't the term for the $1m and $2m number coverage and not premium?

brilliant-lime•12/11/23, 8:38 PM

number coverage, my bad ill edit my message