See below "Kenneth H. Werner" wrote: > <<snip>> > > The difference between employee and subcontractor is not a matter of > taxes, liability for work product, copyright owner or how much you are > supervised. > Ken, I respect your view on your relationship you have with your clients, er partners, but, IMHO, a business knows that in the final decision it boils down to taxes, liability, copyright, work freedom and all of the costs and gains, both financial and emotional, that come with that decision. Having said that, I believe that the first question that anyone facing this decision must ask themselves is -if- they can live with the explicit uncertainty in their income vs the self induced illusion of job security as the original posters story indicates. It has been my observation that most, not all, W2 status workers do not do well as contractors. It's a different mind set. Not everyone can make that transition. Ask yourself how you felt about having your hours and pay cut because of a situation that your employer found themselves in. Did you view this as a problem in your life or as just another day at work which resulted in freeing you up to pursue other opportunities? Since the employer has asked you to consider changing to contractor status, I doubt that they would be willing to pay you your former full time pay plus the benefits that you had received should you become a contractor. This means that you will need to obtain another (or more) contracts to make up the difference. It also could mean that your employer plans on stiffing you because by law they -have- to pay a W2 employee, they can argue against value received when it comes to paying a vendor. But anyway, sooner or later, projects wind down and you will be faced with the continuing job seeking that contracting requires. Some people do not like spending a life time of interviewing for jobs and prefer a W2 status so they only have to do it every 3 - 5 years or so. BTW, as a contractor, I believe that if I have done my job right I am no longer needed. I may be wanted, but not needed. There are other personality traits that you have to ask yourself if you possess. Such as, do you have the discipline to save money that you may have to draw upon between contracts? Since, as a contractor, the client (or partner as Ken calls them) can not dictate your hours or place of work, are you self motivated enough to work without immediate supervision? As Ken indicated, the relationship you have with your employer does go beyond legal status. The legal status issues are easy to solve. It has a finite sets of rules. The personal issues that you will face are not that cut and dry. And I believe they should be the first issues addressed. Good luck, J. Kilgore
As an Amazon Associate we earn from qualifying purchases.
Operating expenses for this site are earned using the Amazon Associate program and Google Adsense.