I have worked for the same company for the past approximately 5 years. For the first two years, I was a full-time employee of the company. Ultimately, due to being out of state, I was then moved to being a contractor and stood up my own C-corp for accounting reasons (I was the only employee in this state and it was easier for the employer this way). So essentially, I stood up a corporation which was paid by my former employer, and the new corporation (which I owned and was the only employee of) paid me. I (personally) did not receive a 1099 from the former employer. For most of this time (the entire time I was a full-time employee, and most of the time as a contractor) I was full-time and paid for 40-hour weeks.
I'm working on gathering information for my OINP Nominee Application, and wondering how to handle this. I see a few ways I can handle this:
1. Simply state I was an employee of the original company the entire time. I feel like this makes the paperwork much easier, though is stretching the truth a bit.
2. Have the original company write me a letter stating that I was an employee originally, then moved to a contractor, with no letter from the company I owned
3. Have the original company write me a letter stating that I was an employee originally, then moved to a contractor, then have the company I owned and was the only employee of write a second letter
To further complicate things, more recently (last few months) due to financial issues at the parent company, I was dropped to part time (20 hours/week) and more recently, an as-needed financial basis
The original company is very small and the owner has indicate a willingness to write whatever letter I want (in fact, they basically told me the write the letter and they will put it on the letterhead/sign in). I'm also a bit concerned that (2) and (3) may invoke the self-employment requirements - will they, as it actually was another corporation I owned, and not a 1099 to me personally. Both the main company and my company (and me) are US-based, if it matters.
Thoughts?
I'm working on gathering information for my OINP Nominee Application, and wondering how to handle this. I see a few ways I can handle this:
1. Simply state I was an employee of the original company the entire time. I feel like this makes the paperwork much easier, though is stretching the truth a bit.
2. Have the original company write me a letter stating that I was an employee originally, then moved to a contractor, with no letter from the company I owned
3. Have the original company write me a letter stating that I was an employee originally, then moved to a contractor, then have the company I owned and was the only employee of write a second letter
To further complicate things, more recently (last few months) due to financial issues at the parent company, I was dropped to part time (20 hours/week) and more recently, an as-needed financial basis
The original company is very small and the owner has indicate a willingness to write whatever letter I want (in fact, they basically told me the write the letter and they will put it on the letterhead/sign in). I'm also a bit concerned that (2) and (3) may invoke the self-employment requirements - will they, as it actually was another corporation I owned, and not a 1099 to me personally. Both the main company and my company (and me) are US-based, if it matters.
Thoughts?