[Nolug] OT Consulting Contracting etc.

Hi list.
    This is a bit off topic for NOLUG but im in need of some input. I
know there are at least a few people on the list who are IT related
consultants/contractors.

    I work in the Oil & Gas sector as a GeoTech/IT guy. The company I
work for is going through a rough patch so my employment is a bit shaky
at the moment. I had come up with the idea of contracting myself out to
a couple other companies to reduce my cost to my current company and
generate additional income for myself. But ive never contracted myself
out before. I don't know what State and/or Federal issues I might
encounter, Business license and such, or Insurance issues I would need
to think about. Is there any advice/insight that those who are their own
contracting company could fill me in on. Any common pitfalls I should be
looking out for? Are clients (basic IT work clients) hard to come by?
Any resources you had found helpful?

Thanks in advance
the almost unemployed
Dennis

in the words of one of my boss's, "we have one foot out the door and the
other on a banana peel"
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Received on 03/01/07