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In this video, Morgan from FinePoints.biz shares insights on creating an employment contract for a bookkeeping business, a highly requested topic. She recommends forming an LLC and working as an independent contractor to diversify and maintain control over your business. Morgan emphasizes the importance of having a contract (or engagement letter) to outline expectations between the contractor and client. While acknowledging that legal documents can be intimidating, she promises to provide valuable tips and tricks for drafting a contract, although she will not be sharing her personal contract template. Viewers are encouraged to subscribe for weekly bookkeeping videos.