Hi all,
I was made aware that I could work for consulting companies under a personal LLC and increase the pay received. My understanding is this is because I would have to pay my own insurance, benefits etc. Can anyone provide any additional details or literature on this?

like
Posting as :
works at
You are currently posting as works at

You’d probably be on a contract for an agreed upon timeframe. Afterwards they can make the decision to renew or not.

like

Correct, you'll be a contractor. The upside is typically a higher net hourly rate, but you'll be on the hook for all taxes and benefits, PTO won't be a thing, and your employment will be at the whim of the company you're contracted with.

like

For sure, but contractors are even more at the whim of employers than regular employees

Yes, you’ll be considered a contractor and will receive a higher rate.

A close friend of mine just left Deloitte to do this. If you’re entrepreneurial it seems to work well for people. If you’re the traditional W2 employee it is tough to make the transition as the basic things you’re used to are no longer available.

However, you will not have any firm support or resources, you’ll have a fairly complicated tax situation, no 401k match or insurance.

Unsure if you’re USA but here in the UK, the gov introduced legislation (IR35) a few years ago making it harder to qualify as ‘self employed’ in these instances, effectively closing the tax loophole. Make sure you check IR35 status of opportunities if UK based

Where are y’all finding contract jobs? I’ve seen some at Deloitte and EY, but curious where else they’re available

Related Posts

Hi Folks, Please give a suggestion where to join. 1. Sapiens (Insurance) 18.5 F + 1.5 V + 1JB 2. CGI 19.5 F + 30 V I am looking in terms of WLB and job security .Sapiens CGI

like

Hi, does anyone know when an employee becomes eligible for maternity/paternity leave at either Gilead, BMS, or Merck? For NVS, it’s day 1 of employment but not sure if that’s common within the industry.

like

Can someone elaborate on floating holidays at ZS ?

like

When do we get the block leaves at kpmg. What are the dates mostly?

like

Hi! Looking for avg Pelvic Health PT salary in SC , just starting out in this speciality. TIA

like

Hi can someone give me an estimate of what a pediatric occupational therapist should be making in a city with a high cost of living. No benefits. Between 30 to 40 billable hours, documentation time unpaid etc. Independent contractor role. Practicing for over 5 years.

like

So I’m doing insurance defense in house and I’m wondering what senior managers pay starts out at . I feel like my position maxes around 160K currently at 120K . Also how much are bonuses usually I’m in my first few months 😅

like

EY leave department hasn’t been the most helpful with the exact details around maternity leave - so just wondering for any EY mamas - how do we initiate getting the two weeks before due date off? Just a doctors note or ??? Thank you!!

like

Hi all,

Can I use my vacation leaves to reduce my notice period?

Thanks in advance!

like

Hello, currently I am on notice period, last month I have worked on saturday and applied for compensatory off in BMS tool, and in workday I had applied as Casual time off as my manager told m to do so. now I am getting leave type mismatch email , and manager is saying you can ignore that email. So my question is did it impact in my Full and final settlement or final letter? I @m confused now. Please help

like

Looking to move into content (have 4+ years exp. writing/content and healthcare background - coming off a copywriting internship). Any advice/suggestions/places looking for writers? Chicago

like

We are trying to do a mental health awareness campaign in the office to educate people, start to break the stigma around mental health, and inform people of the resources available to them. Advice??

like

Can someone please tell me in detail about the child care long term sabbatical leave at tcs?
What is the process, for how long and until what age of the child can it be availed?

like

For those that work at big4, does maternity leave benefit only kick in if you’ve worked for the firm for at least a year? Or does it apply immediately?

like

What are the benefits working at Wells Fargo. Are Sodexo, Transportion and internet reimbursement available similar to JP Morgan?

like

What percentage of your monthly pay do you invest in the stock market? Complete noob trying to get started with investing. I already max out 401k and have a rainy day find in place.

like

Reviewing a salary offer for a Benefits Manager position in Greensboro, NC industry is retail. Offer made of $95k with 18% bonus. I have 16 YOE, degree in Business, and PHR and Shrm certification. Potential employer has 10k plus employees. I will have two reports and will report directly to the Director of Total Rewards. Any thoughts or advise on offer made? I will let them know on Monday my decision to accept, counter or decline. Thanks!

like

Has anyone dealt with submitting domestic adoption costs for reimbursement? Do we just email them our receipts as the expense has occurred. Is there forms to fill out as well? I just started the process and made my first payment and want to know how to submit.

More Posts

So why do company merges result in mass layoffs?

like

Having a discussion with someone about seo. They were adamant that seo works differently on a mac book for some reason. Am I missing something?

funnylike

Hi Fishesh,

Can anyone please tell me? How much should I charge per hour USD for SAP technical work as a freelancer. Client is based in UAE.

like

It still surprises me to this day how a flawed form of reasoning like identity politics is in the mainstream of political discourse in this country.

likesmart

This bowl has shriveled up and died. Is there another water cooler the USI consultants go to?

like

How do find a recruiter in the legal field? Have been looking for a job for a year now and trying to transition into another practice area. Applied to more than 20 jobs and still no offers. I feel like I might need some help.
Also, I have no idea how these arrangements work. Do you pay the recruiter to look for the jobs or do you pay them when you get the job? Or does the employer pay them?

like

Third year associate salary ranges for NY?

like
like

Hi Fishes I am in a complex situation, please help me out..

I got an offer with TCS and initially selected joining date as Jan 2.. but current org released me in 1 month instead of 3 months.. I asked TCS HR and others for early Onboarding but they didn't respond well..

After that I got one offer and joined immediately. But now I don't like to work here as I have to go to office all 5 days mandatorily, also role is slightly new to me.

How can join in TCS on the selected date ?
Any possibility?

like

Noob plaintif-side L&E lawyer here—how long should I wait for defense counsel to stall on a demand letter before I start getting ready to file?

like

Currently a US consultant with a pitch in the Proptech space looking to digitalize part of the home buying process that’s currently still very manual. I’ve had calls along the value chain with strong reception over the past few weeks. Anyone with Proptech investing / operating experience looking to chat?

like

Would you recommend downtown Dubai (marina) or Al Maha desert resort for a couple of days after the Maldives

like

Hi Fishes, I would like to know if any team here gets MacBook.

Any new joiners? Wanted to know the pay range for Sr.Analyst currently novartis is offering.

like

Anyone here have experience on the client side? Pros? Cons? I would like to move to a place where I can dive deep into one brand instead of half a dozen at the same time. Would be nice to understand what a work/life balance feels like as well.

like

How long are you typically on the phone each day? My phone time has steadily increased throughout the pandemic to around 6 hours per day

like

White House interns. Then and now.

Post Photo
like

I need a new rec on a consistently good daily red. $20-30/bottle price point - I tend to go for Sangiovese, Chianti, and Pinot Noir. Thoughts?

like

Best wine app? Wanting to catalog the bottles I have, see stats, get notified when wine is coming up to drink (out of hold periods), etc.

like

Additional Posts in Consulting

Why is it that we need realtors exactly, since Redfin and Zillow are things. Seems like we should all be able to save on the commission.

like

One of the most progressive commercials from India-https://www.facebook.com/422020534539422/videos/1202369756504492/ #thingsdontjudge!

like

8 to a 100!

like

Does it drive anyone else nuts that the clock icon on T&E only goes to 10? I noticed it and can't unsee 😐

like

What are some publications, books, podcasts, online classes etc that can help me prepare for my first year in consulting? Have 5 years of experience in finance and making the jump to consulting.

like

After a year using my home office setup, especially the 27 inch monitor, how can I ever go back to the traveling life with tiny laptop screen? 😔

likesmart

Starting to get more involved in the project sales process - any recommendations for books or resources to develop skills in this area?

like

Any really impactful books that have helped you career-wise? Not necessarily consulting focused. In need of guidance and a new book so figured I'd kill two birds with one stone or whatever.

like

CFA or CAIA?

Having an internal debate on the cost / benefit of going to a top 5 bschool. My end game is to be a entrepreneur, not rise in consulting / management in F500. Can post MBAs provide their perspective?

like

Best consulting firms to work for in Hartford CT area?

like

If I don’t get promoted this cycle I’m Whippin ass

likefunny

Totally used to long days, but back-to-back 12-14 hours RIGHT after 2 weeks of bench is killer.

like

Is it just me or years seem to flying by! It feels like just yesterday whenI was a music festival tripping balls with my crew and now closer to 30 than 25!

like

Compensation discussions underway, Can that genius who created the comp aggregation spreadsheet come back?! please!!

like

Should I get my CFA?

like

Deloitte my S&A offer has 23 vacation days. Will I actually be able to use any of that? Does it count against my utilization? What’s the cultural expectation around using PTO?

funnylike

Finally getting a chance to put together a home office space. Looking for tips, photos, ideas. I have two monitors and a laptop so my do a three screen set-up. Debating about getting a standing desk or putting money in a super comfy leather chair. Open to hearing what you have done!

like

Do you ever feel undatable thanks to how much we travel? If I'm only "home" 6 days a month, how can I possibly develop a relationship?

like

Trying to decide between an offer at Deloitte and a counter-offer at Booz. Deloitte has the name recognition and better benefits but I have a really supportive team at Booz and good work-life balance. Any insight is appreciated! I would be starting at Deloitte as a Consultant in GPS. Currently a Senior Consultant at Booz.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal