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In this YouTube video tutorial, Morgan from finepoints.biz discusses the importance of creating a contract of employment for bookkeeping businesses. She recommends creating an LLC and working as an independent contractor for different clients to diversify and maintain control of your business. Morgan emphasizes the necessity of having a contract or engagement letter to outline expectations for both the bookkeeper and the client. She understands that creating a legal document can be intimidating, but she shares tips, tricks, and thoughts in the video to help alleviate those concerns. Morgan does not provide her own contract template in the video.