Technical experts often get opportunities to consult on a full- or part-time basis. Probably, you get offers from people who have worked with you before. You want to pick up the money on the table, but working on a 1099 basis as an independent contractor can mean a lot of extra work for you.
To legally work independently, you need to get a business license and insurance meeting your clients' minimum standards, which might include professional as well as general liability coverage. You'll also owe self-employment taxes. At least one-third of the gross bill rate for consulting is going to get eaten up by business costs.
Benefits? When you're on your own, you're on your own.
Bringing your 1099 work to XENSHA Consulting clears up a lot of the hassle. You're hired as a W-2 employee, so licenses, insurance, and tax filings are handled for you. Employees are considered for membership in the cooperative after a probationary period equal to six months of full-time work. Worker-owners share in the profits of the cooperative and have access to additional benefits.
It's common for people first getting into consulting to "test the waters" with small engagements while keeping full-time employment to cover their regular living expenses. Our cooperative business model makes XENSHA Consulting an ideal channel for exploring part-time consulting, because we're equally content with your pursuing a lot of work or just a little.
Interested in joining us? Contact us today!