Great writeup Kevin. As a IC, I can relate some of these points with my experiences. You should charge more to compensate for Medical Insurance, Non billable h

Great writeup Kevin. As a IC, I can relate some of these points with my experiences. You should charge more to compensate for Medical Insurance, Non billable hours (Gap time), Marketing cost etc. Setup a Company (LLC or S-Corp) for doing paper work and contract (buy a minimum liability insurance). This will protect individual from litigations or lawsuit. Payment - Can't stress enough. I try to negotiate Net-15 or Net-30 days payment. So far it worked with all the clients.