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Congrats! Usually just a raise and title change. Maybe you’ll be a K1 instead of a W2 (then the raise is probably negated by the taxes). Maybe you’ll get a lower hourly requirement but probably not. If you develop a book, maybe you’ll get a piece of the profits but that’s kind of rare (and then you’ll probably be talking equity).
The big advantage is that once you’ve got the title you’ll keep it as you lateral. It’s a weird but huge stepping stone in the ID world.