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Reply to "Switching from salaried to contractor or consultant"
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[quote=Anonymous]Do you want to stay with your current client? Do you want to be an IC, start and LLC, or go through a staffing firm? There are pros and cons to each. If you want to be an IC, are you able to bring your own computer (equipment) if needed? Do you understand the financial obligations- billing client and doing taxes? You need to use the rule of 2000 hrs. 1 year at full time or 2 and half-time is the limit at many large companies for an IC. LLC - some large companies won’t work with 1-2 person LLCs because it looks like a back door IC. Staffing company- do your research. Some screw you over more than others by taking a cut of your hourly. Are you going to be able to work part time or cobble together several projects under that arrangement? It’s possible but it’s a pain for the company and your client so don’t expect people to be excited to support you doing that. [/quote]
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