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In my view a consultant is different from a freelancer. Freelancers (and contractors) generally are taken on to do a specific job, they do it, and then they le
by SimonPStevens 15y ago
In my view a consultant is different from a freelancer.
Freelancers (and contractors) generally are taken on to do a specific job, they do it, and then they leave. Consultants on the other hand come in to advise, and when they have finished advising they leave some form of documentation or knowledge transfer of their advice for the client to follow afterwards. This is really down to personal understanding of the words however and may vary between industries. I don't think it matters too much, just call yourself whatever you feel most appropriate.
In terms of taxes on the other hand you absolutely should get an accountant and make sure you get it right. There is a big difference between running your own LLC, being "self employed", and being a "sole trader", and the tax requirements are totally different for each (and will vary by country).
As you've used the term 'LLC' I'm assuming your are US based so I can't offer you any specific advice other than get a professional to help you. You should be able to find lots of small business friendly accountants online who's fees are low enough that they will save you significantly more than their fee by making sure you do things correctly.