MBO Partners
MBO Partners, Inc. is a business services company based in Herndon, VA, USA
MBO Partners offers a business operating platform designed to support the solo-practitioner or a multi-person consulting practice (whether as an incorporated business or unincorporated group). By operating as a business within the MBO Partners corporate entity, professional consultants are able to provide their services without the need to start a new corporate entity, obtain authorization to do business state by state, hire legal and accounting professionals, or deal with administrative tasks including billing, cash collections, expense management, accounting and contract administration. MBO Partners also offers its consultant customers access to business insurance, workers compensation, payroll administration, tax payments, health benefits, life insurance, and disability insurance.
The MBO Partners structure also provides professional entrepreneurs with access to a network of pre-existing client relationships. These clients include many of the Fortune 1000 corporations as well as the Federal Government. Each client has already approved MBO Partners as an authorized vendor enabling professional entrepreneurs to search for business opportunities within these entities and more easily become productive as a pre-qualified provider of services to these organizations. Finally, the MBO Partners eco-system includes thousands of professionals as a venue in which to enable and encourage each professional to meet and build new professional relationships that can lead to new businesses or new resources capabilities.
MBO Partners also has a Business-to-Business offering, called Enterprise Solutions, that offers large organizations a service to refer its independent contractors to the MBO Enterprise Solutions team whereby they provide a single system of administrating the client’s many individual contractors and micro-service providers. As an expert resource in independent contractor compliance , MBO Partners' Enterprise Solutions provide the client with administrative efficiencies, 1099 risk mitigation and better visibility into its pool of independent contractors and small qualified services companies.
The program also enables organizations to build their own pre-qualified pools of talent teams that can be called upon for services as needed. MBO Enterprise Solutions offers the MBO Partners MBO Exec service to those qualified self-employed professionals who may wish to have MBO Partners as their operating platform for all their professional service business operations across all of their clients. Thecompany also offers its MBO Sub service to qualified small company service providers and its MBO Staff service to hourly staff workers.
History
Founded in 1986, MBO Partners is a privately held Virginia corporation. The company is more than 90% employee-owned and has experienced enrollment growth of more than 40% year over year Formerly operated as MyBizOffice, MBO Partners today serves tens of thousands of consultants and hundreds of the world's largest organizations.
Services
- Business-to-Consultant Services
- MBO Partners uses a proprietary system that can handle tax, expense, benefit, and payment and contract management for independent contractors and consultants with the dedicated support of a business manager. The program has dedicated operating units so that independent contractors have access to solutions to reduce administration, navigate regulatory issues and improve efficiencies. Users also have access to tools and trained professionals to help manage their careers and clients.
- Services are offered at three separate levels: MBO Exec, MBO Sub and MBO Staff.
:* MBO Exec offers consultants an alternative to self incorporation, providing services for invoicing, collections, reporting, billable and non-billable expense reimbursement, business and medical insurances, financial management, tax withholding, payroll and contract review and negotiation.
:* MBO Sub provides direct access for small qualified consulting firms to work with their enterprise clients by documenting regulatory criteria so payments can be maintained through their own legal entities.
:* MBO Staff is a payrolling service for contract-based workers who are new to working as an independent contractor.
- Business-to-Business Services
- For businesses that hire independent consultants, MBO Partners has a subsidiary called Enterprise Solutions that provides independent contractor aggregation and engagement. As an Independent Contractor Engagement Specialist (ICES), the company’s business-to-business services help companies mitigate the risk of worker misclassification that may lead to 1099 tax reclassification, class-action co-employment lawsuits and FLSA violations. The service for businesses also offers better visibility into their use of contractors, where they work and how much is spent on contract labor. Finally, it offers access to talent pools of proven contractors and top consulting talent to source for specific jobs. Enterprise clients of MBO Partners include the U.S. Agency for International Development (USAID), and Levi Strauss & Co.
Published Works and Studies
MBO Partners announced the release of an inaugural Independent Workforce Index in September 2011. The study examines the state of independent work in America and provides a national baseline to help track trends and changes in the independent workforce over time.
The study reveals a trend to a new age of career independence: there are more and more professionals migrating to working independently; they are more satisfied with their lifestyle choice and they are actively seeking to remain independent. The MBO Partners Independent Workforce Index includes important new findings about the demographics, beliefs and motivations of this leading-edge workforce group.