OT contracting and incorporation

[tleslie]

I incorp'd (did the use good lawfirm approach) = 1800$

It is useful for liability, but doesn't give you a get out of jail card.

Cost of errors and emmisions insurance or a rock tight legal agreement
to a client is probably a lot more then the 1800$ (and thats 1800$ one
time).

I got quoted E&E once at about 20-40K i think per year.

The other advantage of Corp is if you have other pursuits
that are similar, business or (shhhh.. hobby),
this can be immensely helpful.

Personally, the 1800$ (or get a cracker jack one for 300$), its a one
time, life time fee, if your in the game for the duration,
don't even think about not doing it,
ALSO its a nice way to puts some roots down on a name,
for ammo later with respect to domain infringe, trade mark, etc,

-tl

On Tue, 2007-09-25 at 16:41 -0400, Neil Watson wrote:
> Hi folks,
> 
> I have a question to direct to the self employed members of the group.
> Are you incorporated?  As an IT contractor are there reasons to
> incorporate or not to incorporate?
> 

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