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In this video, Morgan from finepoints.biz shares insights on creating a contract of employment for a bookkeeping business, responding to frequent viewer requests. She emphasizes the importance of organizing your business by recommending that viewers establish their own LLCs and work as independent contractors for various clients. This approach enhances control and diversification in business. Morgan stresses the necessity of having a contract or engagement letter to clarify expectations between the client and the contractor, acknowledging that it can be intimidating due to its legal nature. She promises to provide helpful tips and insights, but will not share her own contract template.