Hello smallbusiness,
My name is Ryan and I’m the co-host of a small podcast that is slowly growing. We are expanding our little 2 man operation, which is set up as an LLC general partnership.
We want to bring in a co-host to help us put out some new content, but I’m struggling to figure out how the business side of this works. I think we just bring him on as an independent contractor, set the rate, and then send him a 1099 come tax time? Is there a different way to do it?
He has agreed to do it for free (in fact rejected our $ offer), so maybe there is nothing that needs to be done for the tax side, but I would like to have him sign sort of contract saying the content he creates is owned by us, blah blah.
Any help is appreciated!