216. The Effects of the New 1099 Regulation with Patrice Onwuka

The Lifeonaire Show

Tune in to a truly special episode of the Lifeonaire Show as we unpack a recent regulatory shift that could impact solo-preneurs, business owners, and beyond.

In March 2024, a pivotal regulation was passed, raising the bar for those seeking independent contractor status rather than employee status. This change threatens the classification of numerous 1099 workers and the businesses engaging them, potentially leading to contract terminations and penalties.

To help us understand this regulation and navigate it, we're joined by the insightful Patrice Onwuka, Director of the Center for Economic Opportunity at the Independent Women's Forum. Together, we delve into the implications of this regulation, dissecting its potential ramifications for our audience and the broader Lifeonaire community.

While this topic pivots from the typical Lifeonaire Show discussion, we wanted to cover this because it has the potential to impact a significant portion of our community. Whether you're directly affected or simply curious, join us as we explore actionable insights and strategies to empower your decision-making in the face of change. We hope this insight helps you on your journey towards your Vision, from how to make a living and beyond.

As Patrice mentioned in the interview, here are some resources from more information, to how take action to change this regulation if you choose to:

• Take Action: https://iwnetwork.com/actions/protectworkerfreedom/

• 5 Things to Know about the Independent Contractor Rule: https://www.iwf.org/2024/02/06/5-things-independent-contractor-rule/

• Chasing Work: https://www.iwf.org/2024/03/11/iwf-signs-independent-contracting-coalition-letter/

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