I used to be Andy the Employee, but now I am Andy the Contractor. Ok, enough election puns. Actually I would write more but I can’t think of any right now.
After many years of working as an employee, I have decided to become and Independent Contractor/Consultant. What does that mean? Well really it isn’t all that different. From day to day, my job will still be the same but now I have to make sure I can find enough work to keep myself busy. So I guess my job will be harder. Plus I get no health benefits and I have to pay more taxes out of my paycheck. Hey, this isn’t sounding too great! Actually, a lot of software developers work this way and they seem to like it. There are pros to this work model too. You typically get paid more to cover the extra taxes, etc. I hope that turns out to be the case. And you get to choose the kind of projects you want to take on which is great. I have worked for several consulting companies over the years and I didn’t always like the assignments I got, well now I am in control!
Now I have a lot of work to do and I hope to blog about the process. I need to set up a company (incorporate), figure out how to track expenses and billing, and finish a list of other business management stuff. I’ve been talking to a lot of people about the benefits of different business structures: DBA (Doing Business As), LLC (Limited Liability Company), and S-Corp. It seems that they each have different tax benefits in the order I listed them. S-Corp has, from what I can tell, the best tax breaks but seems to be the hardest to manage. I think most software developer types choose LLC because of the benefits/complications ration is pretty good. I need to figure it all out.
Also, I plan on learning some new technology and hopefully some good blog posts will come of it. In the meantime, here goes nothing…