I have set up a Discord: https://discord.gg/MHpYuAkf
3 karma · joined September 23, 2019
IR35 has killed the IT freelancer market in the UK and AB5 may be about to do that in the USA. The problem is genuine entrepreneurs and business owners, who rely on freelance work, are affected by the legislation and it removes their ability to innovate and grow.
But freelance and project work isn't going away. Businesses can't employ full-time staff for part-time work. The best freelancers won't become employees, they have too much aspiration. So, after YC SUS 2020, I launched https://ownerscaler.com, a community of freelancers, where the highly skilled and smartest collaborate, learn and create an offshore corporation, which benefits from the economy of scale, to grow further assets.
The first asset is https://fixedterm.work, a FREE service for businesses who need to fulfil flexible and project work. Using lightweight Statement of Works (SoWs), not employment contracts, we mitigating AB5/IR35 risk. We also help freelancers collaborate, create larger supplier companies and adhere to legislation. Proper tax is paid, freelancers become SMEs, access higher value contracts, employ their own staff, pay more tax and help kickstart the economy.
Who loses? The recruitment industry does. They've been taking a slice out of freelancer daily rates for too long, for little benefit. We're taking some of the $200bln annual employment market back and passing it on as savings to businesses who fulfil their project work using our SMEs and lightweight SoWs.
By working together we can fix AB5/IR35 for genuine businesses and get the benefits of scale, own offshore assets and mitigate geo-political risk. All freelancers are invited, but it is invite only, so we build a trust network. I'd love to hook up with a business development co-founder in the USA too. What do you think? Is it time we removed recruitment agencies from (B2B) transactions and mitigated AB5/IR35 ourselves?