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Can I pay employees using a form 1099 vs. W-2 form?

employees form pay vs W-2
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Can I pay employees using a form 1099 vs. W-2 form?

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W2 employees are covered by the MD Mortgage Lender License held by the company. Loan officers who are paid by 1099 tax forms are independent contractors and are not covered by the company’s license. Hiring unlicensed independent contractors is prohibited under COMAR 09.03.06.03.

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