Hiring my first subcontractor auditor — how to structure?

Started by Michael Rodriguez — 1 month ago — 57 views
Finally hitting a volume where I need help. Hiring a second auditor as a 1099 subcontractor. How are you all structuring the pay split? Flat % of contingency on accounts they work? Hourly? Hybrid?
30% of net contingency on accounts they close, plus a base $40/hr for training/admin time in the first 90 days. After ramp-up the base goes away and it's pure % only. Written independent contractor agreement, E&O requirement, the whole thing. Don't do this on a handshake.