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.
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.