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In this video, Morgan from finepoints.biz discusses the importance of creating a contract of employment for your bookkeeping business. She recommends creating your own business, forming an LLC, and working as an independent contractor for various clients to diversify and maintain control. Morgan stresses the necessity of having a contract or engagement letter to outline expectations for both you and your clients. She offers tips and tricks for creating a contract, acknowledging that it can be intimidating but assures that she will share her thoughts in the video. Subscribe to her channel for weekly bookkeeping videos.