For personal asset management and flexibility on taxation? Has anyone heard of or personally succeeded in negotiating their SWE paid out to a third party after interviewing as an IC?#swe #tc #taxes
Not happening. You need to go C2C route on some contract work which is certainly possible
So how would this play out? Setup and LLC as a consulting firm or ISV and then employ yourself and then sign a C2C? I guess that makes sense. I mean it's very common to take contracts from a firm. I guess the more pertinent question is what pipeline to enter for on this as a micro C with single employee. Do you go through the regular intake/interview cycle and tell the recruiter up front. Or do you have to go through some other bidding processes....
recruiters reach out to me all the time about contracts all I would have to do is ask them if they are open to C2C. This has to be upfront. Either they can or cannot do it. This route is relative hard but possible.
happens all the time. it’s called contractor. no equity no benefits and say hello to self employment tax. contract rate is actually higher before you account for the extra costs. zero job security.
Well contactor is a little bit simpler I think. That's payment to your account. But if they pay into an LLC then I'm not sure if, depending on State or Country that has implications for them. They might be subject to AML audits or might lose tax breaks or might worry about IP issues or something... I think it's not unsurmountable but I'm guessing they probably get more of a headache than from a simple contractor agreement...
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Are you saying that the paycheck would be paid to an LLC instead of your own checking account? 🤔