Contract work or Employee? Which would you choose and why?

Question

I'm going to be offered a position tomorrow but I'm wondering if I should ask for a contract vs. becoming an actual employee. Reason being that I'd like to start my own business in the next 6 months and don't want to quit. What are some other benefits to being contracted vs. an employee? What are the downfalls?

Answer 1

Independent Contractor or Employee?

The Internal Revenue Service (IRS) uses three categories to determine independent contractors:

Behavioral Control – An employee is generally told when, where and how to do the work.

Financial Control – An independent contractor can realize a gain or loss.  An employee will be paid by the company and taxes are to be collected by the employer.

Type of Relationship – Usually independent contractors will have a written contract with specific outcomes to include a timeline.

Hope this helps.

Answer 2

haha no answers, bet it's the stupid hat on ur head :P