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One other thing to take note of is depending on your relationship with the client, it may take a while to get paid... If you are an independent subcontractor (

One other thing to take note of is depending on your relationship with the client, it may take a while to get paid... If you are an independent subcontractor (in the US - 1099 status), you will likely be working through a middleman not direct to the client. So you will likely get paid on a regular payroll cycle (most likely). If you incorporate yourself and work corp to corp (preferable in my opinion), you can sometimes work direct with the client or still through a third party. However, you'll end up billing them on a likely monthly basis on net 30 terms. So you bill them at the end of a month, and they have another month to pay you. So you may go 2 months without any compensation... And don't forget the various insurances you'll need (at least in the US; errors and ommissions, liability, possibly workers comp).

djKianoosh 13y ago
I have two clients at the moment. One pays monthly, 30-45 days after invoice and sends me a paper check. The other pays me twice a month, 15-21 days out (weekly time submission), and it's direct deposit. Like clockwork. You would think it shouldn't make a difference but I can tell you that it does absolutely make a difference. It's just professionalism. You're right also about liability and workers comp, though I believe every state is different. Some states are more friendly to small businesses of course. So it makes sense to get yourself an accountant, especially if you calculate the amount of hours it would otherwise take you to do that work. Those are hours you could be working.
john_flintstone 13y ago
>One other thing to take note of is depending on your relationship with the client, it may take a while to get paid... That's a freelancer, not a contractor. Different ball game entirely.