LiquidTrust Blog
Insights on payments, compliance, and building trust in digital marketplaces.
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What is the definition of a US Company? What is the definition of a US financial account?
What's the difference between a US company and a US financial account? Learn the specific definitions, including how US territories are treated differently for each. This is crucial for vendor payments and choosing the correct tax form for your business, like a W-9 vs. a W-8.
What is a W-8 and why do you need foreign freelancers and vendors to fill out W-8BEN / W-8BEN-E?
Learn about IRS Form W-8, required for paying foreign freelancers and vendors. Discover the types of W-8 forms, how they reduce the 30% withholding tax, and the difference from Form W-9. Ensure compliance by collecting the right forms and securely managing international payments.
5 Reasons Why You Need an NDA (Non-Disclosure Agreement)
Protect your business with a Non-Disclosure Agreement (NDA). Learn what an NDA is, key elements to include, and why freelancers should sign one. Discover how NDAs safeguard confidential information, establish trust, and provide legal protection for your company and projects.
How to Write a Statement of Work (SOW)
Create a clear and effective Statement of Work (SOW) for your freelance projects. This guide explains how to define the project's purpose, deliverables, timeline, tasks, and payment terms to prevent misunderstandings and ensure project success.
What is California AB5 and how does it affect B2B contractors?
California AB5 reshaped how businesses classify workers, impacting freelancers, vendors, and B2B contractors. Learn the ABC test, key exemptions, AB2257 updates, and B2B requirements. Discover how AB5 affects costs, compliance, and why proper contracts and business entities are essential.
What is/was the Borello test for independent contractors?
Understand the Borello test for classifying independent contractors in California. Learn its "right to control" standard, key factors, and how it differs from the newer, more stringent ABC test. Know when the Borello test still applies and how to assess compliance risk.
What is the ABC test for independent contractors?
Learn about the ABC Test for classifying independent contractors, set by the 2018 Dynamex ruling in California. Understand the three-prong standard, which states like CA, MA, and NJ strictly enforce, and assess compliance risks for your freelancers with LiquidTrust’s tools.