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Ongoing: Stay compliant and grow. Step 21 of 24 in the new LLC launch playbook. Treating a worker as a contractor when they are really an employee can lead to back taxes and penalties. Key points: - Learn the difference between employees (W-2) and independent contractors (1099). Your accountant can help. - Collect a Form W-9 from every contractor before you pay them. - For payments made in 2026 and later, you generally file Form 1099-NEC for contractors you pay $2,000 or more in a year (it was $600 before). - For employees: complete Form I-9, report new hires to your state and use a payroll service to handle withholding. Contractors: W-9 first. Employees: Payroll service.

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