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YC

Y Combinator Cast

04/28/17

@ Y Combinator

Contractors set their own hours and work independently, while employees have taxes withheld from their paychecks and are subject to company control.

Video

YC

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

@ Y Combinator

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

04/28/17

Related Takeaways

YC

Y Combinator Cast

07/08/22

@ Y Combinator

Relying on contractors instead of full-time employees can lead to inefficiencies, as contractors may lack the commitment and understanding of the company's culture and goals.

YC

Y Combinator Cast

04/28/17

@ Y Combinator

When hiring employees, ensure you understand employment laws and the differences between employees and contractors, as misclassification can lead to IRS scrutiny.

NR

Naval Ravikant

10/29/15

@ Tim Ferriss

In the future, individuals will work for themselves, choosing jobs and contracts based on social connections and personal preferences.

PC

Parker Conrad

09/10/24

@ The Social Radars Podcast

Many payroll competitors do not use their own systems, which limits their understanding of their product's capabilities.

YC

Y Combinator Cast

05/25/24

@ Y Combinator

If you're ambitious and paying attention, you might not need to work at a big company or have a boss; you can control your own destiny during these unique moments of opportunity.

YC

Y Combinator Cast

05/25/24

@ Y Combinator

The narrative around job security is often negative, but new tools empower individuals to create value independently, allowing them to be their own bosses without needing to be part of a company.

KH

Kevin Hale

03/25/17

@ Y Combinator

Use simple tools like to-do lists to manage projects and hold employees accountable, allowing them to set their own performance standards.

NR

Naval Ravikant

06/05/19

@ PowerfulJRE

High-quality work will increasingly be available in a gig format, allowing individuals to choose projects and work on their own terms, similar to how Hollywood operates with freelancers.

GA

Gregory Aldrete

09/13/24

@ Lex Fridman

The Romans often viewed business and profit-making as shameful, leading to a reliance on private contractors for tax collection, which resulted in exploitation of provinces.