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In this video tutorial, Morgan from finepoints.biz provides guidance on creating an employment contract for bookkeeping businesses, a highly requested topic. She emphasizes the importance of organizing your business by forming an LLC and operating as an independent contractor for various clients, which allows for diversification and control. Morgan stresses the necessity of having a contract or engagement letter that clearly outlines expectations for both the service provider and the client, acknowledging that the legal aspect can be intimidating. While she will share tips and tricks, she clarifies that she will not be providing her own contract template.