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In this video, Morgan from finepoints.biz focuses on creating an employment contract for bookkeeping businesses, responding to popular demand. She emphasizes the importance of forming an LLC and working as an independent contractor to gain control and diversify clients. Morgan recommends having a written agreement, often called a contract or engagement letter, that clearly outlines expectations for both the contractor and the client. She acknowledges that drafting such a legal document can be intimidating but assures viewers that she will share helpful tips and insights throughout the tutorial, although she will not provide her own contract template.