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New Jersey legislators are keeping a close eye. In January, a similar proposal failed to become law. But the battle there is far from over. Following that bill’s failure, the state’s Legislature did pass new legislation that will also have a significant impact on its employers — both big and small — and how they do business with their independent contractors.

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The company summary in a business plan—also known as the company description or overview—is a high-level look at what you are as a company and how all the elements of the business fit together.

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This type of contract has short delivery cycles, and for each cycle, separate estimates are sent of the contractor. Once the contractor signs off the estimate and Statement of Work (SOW), the service provider can start work. Unlike most of the other contract types, retainer contracts are mostly used for long-term business engagements.

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A subcontractor is an individual or (in many cases) a business that signs a contract to perform part or all of the obligations of another's contract.. A subcontractor is a company or person whom a general contractor (or prime contractor, or main contractor) hires to perform a specific task as part of an overall project and normally pays for services provided to the project. While subcontracting often occurs in …

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