1099 or Corporate Job?

[anonymous]

1099 or corporate job?

I have an LLC all set up, and some pretty decent lines in place. Problem is, building it up will take some time - at least 6 months - with some serious competition. I'm not making enough to pay my bills - but I have savings that I can use until I get into the black.

So here's the question: Would you stick it out and stay independent, or take a corporate job where you know you'll make at least $165k, but have to report to a manager and deal with all the corporate BS?

If I stay indy, I have to pay 30% on all my revenue (taxes), plus cover all my own costs, gas, everything. And no 401k, no insurance, etc.

If I go corp - I get all those things, but lose the chance to be independent and report to no one.

What are your thoughts?

 

[anonymous]

STAY 1099!! If you can make it work and survive after 12 months - you say 6 which is even better - Corp gigs are dropping payroll every year. Get a good tax attorney and cut that 30% down it should be around 8% after you pay all your expenses. Which territory are you in? Stay in the fight and survive and you will thank your lucky stars one day.

 

[anonymous]

STAY 1099!! If you can make it work and survive after 12 months - you say 6 which is even better - Corp gigs are dropping payroll every year. Get a good tax attorney and cut that 30% down it should be around 8% after you pay all your expenses. Which territory are you in? Stay in the fight and survive and you will thank your lucky stars one day.

OP Here.

I have most likely have an opportunity for $250k guaranteed for one year...vs sticking it out. Should I take the $250k? Or stay with it?