Some of the things you need to do is make yourself into an LLC, or Inc
(preferably an S-corp or C-corp ... check with a CPA or Atty about the
benefits of one over the other. To form one, you just need to goto
the IRS site first and get a business tax ID (doesn't cost anything,
but you need to know what type of business you are making) then goto
the La. Secretary of State website's commercial division and download
the appropriate forms. Depending on the business type, it will cost
somewhere around $75, then a yearly renewal fee.
Oh, you also want to make sure that you can do this with your current
employer and also that it doesn't present any conflict of interest
with them. Some companies make you sign a paper stating that you are
doing business outside of your normal work and make you state the
nature of the business to avoid any interest conflicts before they OK
it.
B
On 3/1/07, Dennis Bourn <dbourn@clkenergy.com> wrote:
> 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"
> ___________________
> Nolug mailing list
> nolug@nolug.org
>
___________________
Nolug mailing list
nolug@nolug.org
Received on 03/01/07
This archive was generated by hypermail 2.2.0 : 12/19/08 EST