Country specific hiring info

A compliant independent contractor agreement for hiring in Puerto Rico

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Country specific hiring info

A compliant independent contractor agreement for hiring in Puerto Rico

Get your independent contractor agreement in Puerto Rico for $0

Hey, we’re Thera: The platform built for hiring and paying contractors, all over the world. We’ve got locally-compliant contracts in more than 150 countries—written to comply with local contracting laws in places like Puerto Rico.

The good news: Thera’s free until you pay your first contractor. So, grabbing your contractor agreement costs you a grand total of $0. Hit the button below to pick up your locally-compliant contract in Puerto Rico. It takes all of 2 minutes to sign up.

Answering all your questions about independent contractor agreements in Puerto Rico

You probably have questions. We’re here to answer them. Below, you’ll learn all the extra stuff you should probably know before putting together an independent contractor agreement for Puerto Rico.

Why do I need an independent contractor agreement in Puerto Rico?

Independent contractor agreements are the foundation of stable partnerships between companies and contractors. In general, they should outline the scope of work, deadlines, compensation, and any other terms relevant to your specific situation. Written agreements ensure both parties have a consensus before the work begins and help hold you accountable to each other.

For your business relationship to be legally recognized as one with an independent contractor, Puerto Rico requires a written contract. The law also requires contractors to possess an employer identification or social security number and be licensed to operate their businesses. These criteria are important to verify to ensure you are compliant with the law and protect your business from possible financial penalties.

In short, you must have an independent contractor agreement to work with contractors in Puerto Rico, but you should use one wherever you hire.

What do contractor agreements in Puerto Rico typically need to have?

Every contractor agreement in Puerto Rico (and, the rest of the world) can be broken up into two parts:

  • Contract-specific variables: This includes things like scope of work, rate, and deadline. They’re the project-specific variables that you’ll include with each contract, and are totally dependent on what type of work you’re hiring a contractor to do.
  • Everything else: Besides things like scope and deadline, every independent contractor agreement in Puerto Rico should follow a similar structure. If you want to grab your own contract with a compliant structure for Puerto Rico, sign up to Thera
What makes contractors different from employees in Puerto Rico?

Hiring independent contractors is often faster, cheaper, and easier than onboarding a new employee. Legally, independent contractors work for themselves, giving them different rights and responsibilities than traditional employees. It is important to understand the key differences between contractors and employees before deciding what is best for your company.

Here are a few of the key things that make contractors different from employees in Puerto Rico:

  • Contractors can set their own schedules
  • Contractors can work with their own software and tools 
  • Contractors are solely responsible for paying self-employment tax
  • Contractors can work for other clients 
  • Contractors rarely receive benefits, like health insurance*

Contractors working independently benefit from having more autonomy than in a traditional employer-employee arrangement. They are free to complete their work when, where, and how they want while retaining the right to pursue other opportunities that interest them.

As the proprietor, hiring independent contractors is often less risky for your business because you are only committed to them for the duration of your contract. This gives you the flexibility to work with the best possible talent for your company, and Thera can help with a contract for each professional relationship you pursue.

*With Thera, you can get your contractors access to sign up for premium global health insurance, from SafetyWing, at a 50% discount.

Click here to learn more about hiring your team in Puerto Rico.

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