Quote:
Originally Posted by ltusler
You should also check out any fed, state, local licesnsing, registration, bonding, and insurance you may need.
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^+1 on above, as well as comments re: 1099 vs. W2 contractor -- big differences. Your tax accountant can potentially save you $ now and huge $$$ later with good advice.
In addition, your employment agreement needs to be very clear on issues such as liability. You mention you're an engineer; if any of the work you'll do will be based on your professional opinion/expertise (e.g., as an engineer) then I'd make darn sure your agreement includes a liability release. If this is anywhere close to a possiblity I'd also talk to a (liability or employment) lawyer. My wife is sole proprietor of her own business (technical medical/pharma work) and carries a very large umbrella liability policy for just this reason.
IMHO there are many open questions that still need answers before I'd say yea or nay . . . .