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In this tutorial, Morgan from finepoints.biz shares key insights on creating an employment contract for a bookkeeping business. She emphasizes the importance of establishing your own LLC and working as an independent contractor to diversify and maintain control over your business. Morgan recommends developing a contract or engagement letter to clearly outline expectations between you and your clients, acknowledging that this process can feel intimidating due to its legal nature. Throughout the video, she offers tips and tricks to ease concerns regarding contract creation, but specifies that she will not share her actual contract. Morgan encourages viewers to subscribe for weekly bookkeeping videos.