View Full Version : Individual consulting - self employment options

02-01-2011, 08:54 PM
Hi Folks,

I recently got my green card and am trying to collect some information about self-employment. I am a software consultant & have been working for a middle man for 8 yrs now mainly doing consulting work via corp-2-corp. Now i want to become independent and cut inbetween layers and try to work either directly for a end client or for the middle men.

I was thinking about working on 1099 & create a company where I am the only person working.

Can you please share the pro's and cons of this. How does the employer tax part of it work?

If i work for a company, since I have a green card, if there is down time during consulting I can claim unemployment benefit, but If i start my own company and do consulting through that, then there is no concept of unemployment - am i right?

Please share your experiences.

And where to start to find out how to start my own company.

Any links or book recommendations, please suggest.


08-02-2011, 04:02 PM
Hi, You posted this back in Feb. Any updates yet? some basic info about 1099, W2, Corp-to-Corp here: Consultants: W-2, 1099 or Corp-to-Corp? | BizTaxTalk (http://biztaxtalk.com/node/3)
What is a 1099 Contractor? (http://www.wisegeek.com/what-is-a-1099-contractor.htm)

This one is a detailed article about 1099 in IT: Raible Designs | How do you become an independent consultant and get contracts? (http://raibledesigns.com/rd/entry/how_do_you_become_an)

I'm exploring these options too. Keep me posted. Good Luck!

12-28-2011, 03:46 AM
Hi, whatever you think is great and i don't have such experience but if you have more confidence about your work then you can able to do it.

06-26-2012, 01:21 PM
Hey man i think this is not a good idea. If you want to start your own business you should look to start your career online like you can use ODesk and start your career as a free lancer. I was also working in a law firm but now i have started by own business in which i help people who are having stepparent adoption (http://www.dependableadoption.com)
issues. I started this business because i like this field and have got a lot of knowledge in this field so you should look into urself and find in which you have knowledge and then just do it....

09-04-2012, 04:02 PM
I think that the best way to start is from a Freelancing website. This way you can build a clientèle which can sometimes be hard.

09-09-2012, 09:52 AM
There are another options too for self employment like if you have heard about Forever Living Products (http://myflpbiz.com/esuite/home/superhealth/Products.html) you can now became a distributor of forever living and can earn money from home. This is best i have found especially for home women who can't work outside. I have found this one of the best legitimate work from home (http://myflpbiz.com/esuite/home/superhealth/Opportunity.html) which you can do and increase your earnings. hope this will help you to get going..

09-13-2012, 03:31 AM
I would like to say that you should do one thing you need to clear your mind. and just go for what you wanted don't make it so confused....

09-13-2012, 07:46 AM
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