Good job? independant contractor?

[westpoint]

If I get a call, I am going to tell him I am not interested in the job unless the hourly rate nearly doubles. I want to make sure I dont put myself in a bad situation. I want to thank everyone for their advice. I would like this job, but its not worth the peanuts he wants to pay with all the liability. Maybe he will change his tune once I tell him I am not interested.....I dont think so though. Sure I am not happy, and am underpaid where I am, but at least for now I have a job, no benefits, but a job. I guess Ill keep looking. Thanks!

[Rock knocker]

If you opt for s corp you will be taxed as a business and profits will be paid as dividends and taxed again on your personal taxes.
LLC and C corp are taxed the same way and give the same protection for liability....

And which in the case of a sole proprietorship, are rather lacking. In either case, it is called the "corporate veil" and is very easily pierced in any legal action where a sole owner or even a very limited partnership is being sued.

If you are sued because of your work for this phony-baloney guy, your actual best defense would be to throw yourself at the mercy of the court and portray yourself as a legal bumpkin. Your claim would be that you were in fact not an independent contractor, but were in fact a full-fledged employee of Mr Phony Baloney, and are deserving of the full protections afforded an employee.

The truth is the ultimate defense, and this would probably work.

Nothing irritates me more than employers trying to skate around protections for employees by classifying everybody as "independent contractors". This is seldom to never the case, they are in fact actually employees, and the dodge is solely for the short-sighted benefit of the employer, at the determent of the employee (independent contractor). This individual is doing you no favor, he is waving a carrot of a little more money for you, while trying to shed SS, UI, WC and liability. He is in fact a sleaze bag.

[westpoint]

kevin, you have a pm.

[go2building]

Good job? independant contractor?

If you opt for s corp you will be taxed as a business and profits will be paid as dividends and taxed again on your personal taxes.
LLC and C corp are taxed the same way and give the same protection for liability, as long as you keep all business and personal affairs separate and run them as company's

If the company you are planning on sub contracting for is on the up and up, you should ask to see what they are charging, on an hourly man rate and subtract 30% from that.

[westpoint]

Re: hi

Good luck. Check your numbers, SS is 15% alone, currently you pay half and your boss pays half. LLC is a corpertion.
Kevin

are you sure? i was told if i had a llc...limited liability company my personal assets could be taken. but with a corp c or s only my business would be effected?

also, what is your opinion on what i should ask now that you have a clearer idea of what is expected of me at this company working in a low income state like florida?

[go2building]

Good job? independant contractor?

Good luck. Check your numbers, SS is 15% alone, currently you pay half and your boss pays half. LLC is a corpertion.
Kevin

[MMW]

My last comment on this. A lot of good advice has been given. Many giving the advice are in business & know what they are saying. Your numbers are not right. If it was so easy everyone would be doing it. You will pay more in taxes by being self-employed which is what you are talking about. Best of luck & please return to let us know how you make out.

You will have to pay the employers share of ssi also as well as the employee's share. 15.4% total. $150 of $700 is about 21%.

[westpoint]

2

Don't know what work mans comp in Florida is, it's around 14% in NJ.
Liability insurance $$$ ?
SS/Med, employee pays 7.5%, employer pays 7.5%, you will pay 15%
You only get mileage deduction for use during work, not back and forth to work. Tools, boots and other work related deductions you get as an employee, if you pay for them, no change there.
Good luck. Hope you don't spend lots of money setting up an LLC. Before crunching the real $$$$
Kevin

my brother has a landscape company. he pays $450 a year for his insurance and has a 1 million dollar coverage. he pays $250 a year for his corperation. not to be confused with LLC. A corperation does not allow anyone to sue you personally, just the company assets. a LLC allows them to come after your personal finances. right now i pay about $150 on every $700 i make on socoal security and federal tax together. thats about 17%. workers comp i still need to look into.

I was allready offered $17. He knows thats not enough.....I am going to ask for $22, and hopefully I can get at least $20 from him. if not I am walking.

[go2building]

Good job? independant contractor?

Don't know what work mans comp in Florida is, it's around 14% in NJ.
Liability insurance $$$ ?
SS/Med, employee pays 7.5%, employer pays 7.5%, you will pay 15%
You only get mileage deduction for use during work, not back and forth to work. Tools, boots and other work related deductions you get as an employee, if you pay for them, no change there.
Good luck. Hope you don't spend lots of money setting up an LLC. Before crunching the real $$$$
Kevin

[westpoint]

ok here me out. i understand what you guys are saying and i appreciate the advice....but

this company is just like me working for a company when it comes to using their welder, their cutting torch, their welding wire, their electricity...all i need are hand tools, and a grinder.......

what the guy is doing is trying not to pay workmans comp, insurance, and bebifits.

now the way i figured the #'s is.......for insurance, coorperation, workers comp its $1 an hour for the year at 40 hours a week.

plus i was paying taxes before, so paying them now will all be the same.

so at $21 an hour i am making 14k more a year, and only have to pay for corperation, workmans comp, and insurance.....then write off gas, clothes, phone, tools........on taxes.

does that seem right?

[JSFAB]

You should RUN away, not walk away, from this "deal".

The guy isn't doing this for you out of the goodness of his heart, if he was truely in a legit business he would already have workmens comp, tax withholding, liability, etc. etc. already set up. His only interest is saving himself money, and the easiest way to do so is by screwing you and others like you over. I ran into a few guys like this thirty years ago, when starting out, I never drank the Kool-aid. I didn't inhale it either

[snowbird]

stay away from him...a guy that works the system like that mmm...

might not be very reliable .

[go2building]

The question of whether a worker is an employee or an independent contractor affects more than just how the worker gets paid. It also affects the employer’s liability.

An employer’s liability under Florida contract and tort laws (including negligent acts that cause personal injury and liability for compensatory and punitive damages) is determined by extent to which the employer may be held liable for an employee’s actions within the course and scope of the employment. If the worker is an independent contractor, the employer isn’t liable.


He doesn't need you to get liability insurance, because if he gets an independent contractor to do the welding, it's now your responsibility. All law suits are now passed on to the contractor who performed the work (YOU)

[go2building]

Good job? independant contractor?

Go to McD's, all said and done, you'll make more take home at the end of the year.

[Broccoli1]

It's in a shop or outside at one establishment. They deal with trucks that pick up large dumpsters. I would repairing small structural stuff on the trucks like tube s steel and plate and fenders. That's it really. My own tools. They supply welder and oxy acet. It's just so the company dost have to pay for workers comp insurance and crap. They pay my company not me as a person. I got a call from the owner offering 17 for entry level with a lot of room for promotions. I won't Need insurance or anything to work there.........I was thinking 20......

The guy sure is working the system

17 bux for an Independant contractor ? Ha!

And what's this talk about promotion? You don't promote contractors