I recently went freelance as an EP and started my own LLC as well (to get the full benefits of being a freelancer). Some agencies and clients want to pay on a W2 versus 1099 / as an independent contractor. Should I still take the gig if W2 or stand my ground and pass?

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On a mandated W2 I raise my rate about 10% to account for not having the benefits of my own business for that gig.

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👆🏽 love this. thank you!

I was a freelance line producer for 20 years and everyone always told me to file as an S corp vs LLC.

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It depends where you live. Super hard to be anything but W2 in California. Blame the AB5 law passed to protect gig workers like Uber drivers. It’s a mess

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So true. CA is a mess now for production. Seems like they shouldn’t treat all gig workers the same. I donno. I live in Brooklyn. One night during the pandemic I watched a Door Dash delivery guy on a bike get run over by a truck. They were hauling him into the ambulance and I just thought, that dude’s seriously busted up, probably has no health insurance, the bill’s gonna be astronomical if he lives. And someone who probably had no idea about any of that probably wondered where their ramen was and complained.

Usually if you are C Corp or S Corp, you can ask them if they’ll pay your company as a loan out.

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My accountant told me to do both. Somehow it was better to have some W-2 in the mix, I don’t know about these things.

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I asked my accountant about this. He laughed and told me not to be a schmuck and just put the taxes away like a grownup

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All very helpful. Thanks everyone!

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