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In this video, Morgan from finepoints.biz shares insights on creating an employment contract for bookkeeping businesses, a popular request from viewers. She emphasizes the importance of forming an LLC and working as an independent contractor to diversify and maintain control over your business. Morgan recommends using a contract, or engagement letter, to clearly outline expectations for both the bookkeeper and the client. She acknowledges that some may find the process intimidating due to the legal nature of contracts, but offers tips and guidance throughout the tutorial. However, she notes that she will not provide her specific contract template.