3 ms·

A few points; .25% seems low but; a) How close is you hourly rate to what you would get normally? b) Are you learning tech that will set you up to make big mon

by dk8996 12y ago

A few points; .25% seems low but; a) How close is you hourly rate to what you would get normally? b) Are you learning tech that will set you up to make big money? c) Are you gaining insight about the industry that will set you up to be a co-founder?

practicalpants 12y ago
Interesting points, thanks for your comment. a) It's actually about $15-20 an hour less going off of my last job. I do consider it extra compensation that they are remote friendly, because I got to do some world traveling while working and they were fine with it. But now I'm back home in the Bay (...but also considering traveling again to make it worth my while). b) Nope, just web stuff I'm already used to doing. The CTO at least is talented so I have learned from him. c) Potentially. So far no specialized insights into opportunities for new players in the space. Those insights may or may not come.
- sbisker 12y ago
  Remember they're saving 6.75% of your costs by keeping you as a contractor instead of a W2. And they're treating you as an employee, it sounds like. In some states that's not even legal, even if you willingly agree to it, because it's considered an abusive employee relationship and tax evasion (for instance, Massachusetts.)
  - hga 12y ago
    Worse, for the company, is that unless your arrangement passes various tests (e.g. do you have multiple clients? Who and how decides what you're going to work on, etc.), the IRS can decide you really were an employee and hit the company for that 6.75%, withholding for all of it, and interest. Normally you have to go through a body shop to get around this (the Senator who was responsible for this change in 1986 seemed to have been working on the behalf of some big ones in his state).
- dk8996 12y ago
  I think the working and traveling part is cool. I am not sure if you can put a price on that.

by dk8996 12y ago

practicalpants 12y ago

Interesting points, thanks for your comment. a) It's actually about $15-20 an hour less going off of my last job. I do consider it extra compensation that they are remote friendly, because I got to do some world traveling while working and they were fine with it. But now I'm back home in the Bay (...but also considering traveling again to make it worth my while). b) Nope, just web stuff I'm already used to doing. The CTO at least is talented so I have learned from him. c) Potentially. So far no specialized insights into opportunities for new players in the space. Those insights may or may not come.

sbisker 12y ago
Remember they're saving 6.75% of your costs by keeping you as a contractor instead of a W2. And they're treating you as an employee, it sounds like. In some states that's not even legal, even if you willingly agree to it, because it's considered an abusive employee relationship and tax evasion (for instance, Massachusetts.)
- hga 12y ago
  Worse, for the company, is that unless your arrangement passes various tests (e.g. do you have multiple clients? Who and how decides what you're going to work on, etc.), the IRS can decide you really were an employee and hit the company for that 6.75%, withholding for all of it, and interest. Normally you have to go through a body shop to get around this (the Senator who was responsible for this change in 1986 seemed to have been working on the behalf of some big ones in his state).
dk8996 12y ago
I think the working and traveling part is cool. I am not sure if you can put a price on that.