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In this video, Morgan from finepoints.biz offers a tutorial on creating a contract of employment for a bookkeeping business, responding to frequent requests from viewers. He encourages viewers to establish their own businesses by forming an LLC and working as independent contractors with various clients for better control and diversification. Morgan emphasizes the importance of having a contract or engagement letter to clearly outline expectations between the bookkeeper and the client, acknowledging that such legal documents can be intimidating. He plans to share tips and tricks for creating these contracts, although he will not provide his own specific contract template.