1099ers Exposing Startups, PE Firms To Costly Liability
Law360, New York (September 23, 2014, 3:24 PM EDT) -- A recent online edition of New York Magazine’s “Daily Intelligencer” includes a comprehensive article on how Silicon Valley startup tech companies using “the 1099 model” may be exposed to employment, tax and benefit law liabilities that could drive them out of business or cause them to change to a W-2 model. Kevin Roose’s fine article is titled “Does Silicon Valley Have a Contract-Worker Problem?”
Roose predicts that venture capital funding sources that have invested in 1099-model startups may not have anticipated their potential exposure to the types of class action lawsuits where the contract workers allege that they are not really...
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