What are the major checklist items for C2C?
Just give me a high level detail
Solution:
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1. EIN from LLC paperwork
2. checking account for business
3. formation docs in case they ask
4. use invoicing platform like quickbooks small biz
5. business insurance (inquire after offer)...
10 Replies
Solution
deep-jade•12mo ago
1. EIN from LLC paperwork
2. checking account for business
3. formation docs in case they ask
4. use invoicing platform like quickbooks small biz
5. business insurance (inquire after offer)
6. See attached image for another list of info needed by some select companies
harsh-harlequin•12mo ago
I recommend getting business insurance whether or not your company wants it
other-emerald•12mo ago
Just get the biz insurance once u have contract
No need to do ahead of time. Insurance is pretty instant
deep-jade•12mo ago
i think both answers are correct at different stages of your c2c venture
especially as you start having concurrent contracts
other-emerald•12mo ago
?
Not following how being at different stage or having concurrent contracts makes different
deep-jade•12mo ago
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
if you're Just starting out, sure you can wait til the offer comes in
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
or if you plan on developing things for automation outside of your contracts and plan to sell them.. etc
lots of different cases as the llc matures
other-emerald•12mo ago
Why would I want to pay higher premium? I thought I'd want to save money on paying for insurance
deep-jade•12mo ago
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
other-emerald•12mo ago
Oh. Isn't the term for the $1m and $2m number coverage and not premium?
deep-jade•12mo ago
number coverage, my bad ill edit my message