1 of 3 Series: Teaming Arrangement Strategy (Wealth Building)

by C. Henry Adams

Imagine (5) five companies working together to provide solutions for a common client or clients.

Based off the foremost need or needs, one of the companies serve as the Primary Provider of the Contractors for a particular customer. The purchaser is either a multi-million dollar or multi-billion dollar buyer.

W2 or W-2 in the above illustration is identified in the United States as a Internal Revenue Service Tax Form that employers utilize to report taxes withheld from employees.   Thus, we are recognizing a business that provides these forms while legally reporting taxes taken to submit to the US Federal Government.

1099 or Form 1099 in the above illustration is identified in the United States as an Internal Revenue Service Tax Form that companies provide independent contractors with to report the various types of income they may receive throughout the year.  Note: There are a number of different 1099 forms, but our focus point here is on independent contractors.

Can a business contract as an  independent contractor with another business?   Answer:  Yes

A Teaming Arrangement (TA) is also a Contractor Team Arrangement (CTA) which two or more organizations come together to provide a total solution to meet a particular customer's needs.

Thus, the model mentioned above recognizes an organizational structure that could be conceived as a TA or CTA.  Please understand that wealth encompass many more things than mentioned.

• 1 of 3 Series:  Teaming Arrangement Strategy  (Wealth Building)
• 2 of 3 Series:  Assets & Liabilities (Wealth Building)
• 3 of 3 Series : A Wise Dividend Growth Investor (Wealth Building)

Thanks!


C. Henry Adams
Benefits Advisor
Aflac
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021
bienminc@gmail.com
CHA Linkedin 
(404) 254-7187

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