It would basically mean I'm self employed and rather than working for the company, I would be working on behalf of the company. Same job - I just technically wouldn't be an employee of the company any longer. I'd be self employed and classified as a consultant to the company. They would pay me like any other contractor. I work for a small company and there aren't a lot of frills like 401k match or crap like that I'd be losing. I make a salary, they kick me a reimbursement check for benefits, and I'm bonused at the end of the year. If I move to "self-employment" nothing really changes except they'd pay me a little more to cover the FICA they'd no longer be covering.
This sounds interesting. Could you elaborate on this?
It would basically mean I'm self employed and rather than working for the company, I would be working on behalf of the company. Same job - I just technically wouldn't be an employee of the company any longer. I'd be self employed and classified as a consultant to the company. They would pay me like any other contractor. I work for a small company and there aren't a lot of frills like 401k match or crap like that I'd be losing. I make a salary, they kick me a reimbursement check for benefits, and I'm bonused at the end of the year. If I move to "self-employment" nothing really changes except they'd pay me a little more to cover the FICA they'd no longer be covering.