How much of a red flag is it if a company is offering a full time role but it’s a 1099 position? PE/investment firm if that adds any context. Comp would be good, but being 1099 seems odd.

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Sounds like they don't want to pay payroll taxes. You didn't say what it is, but I cannot imagine DOL/IRS will agree with them for a full time role in something that is acct/finance adjacent. Are they expecting you to work traditional 9-5 hours? Are they expecting to set up your own PC on their system or do they expect you to walk in with IT systems to safeguard their data? Other thing to consider is you'll be on the hook for their portion of payroll taxes, but also insurance which can be brutal

It’s in their consulting/strategic finance team for the portcos. So not like a one of position, there’s a team of 8-9. But agreed, the taxes and having to get my own insurance sounds like a pain

I wouldnt say its a red flag on its own but you should consider the lost benefits as lost compensation and the potential admin burden. You can set up an llc as an s-corp and pay yourself a salary to avoid running up the self employment taxes, plus you can deduct business expenses. Health insurance is probably the biggest incremental expense, maybe you can request a separate health insurance stipend?

I wouldn’t want to work with an outfit that violates labor law. It’s not a huge deal on its own but it indicates how they operate

As an update - they ended up saying they’ll make it W-2. Was going to have a final round with the firm founder tomorrow and they cancelled today, saying they need to “re-evaluate things” and it’s on hold.

Probably dodged a bullet lol

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