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socrateaser, Lawyer
Category: California Employment Law
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Can a company pay commissions to 1099 contractors associated

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Can a company pay commissions to 1099 contractors associated with the firm (but not employees of the firm) to raise money via selling stocks or notes to investors?

The answer is absolutely "no." What you are contemplating would violate federal SEC regulations, unless the contractors are licensed securities brokers who work for a third party investment brokerage.

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