User: KittyFishnets

First things first

On: Moving from a Permanent Position to Contract Work?

Before you make the switch:

1. Calculate your monthly household expenses.
2. Open a high interest savings account. EmigrantDirect, ING, whatever.
3. Deposit 3 months expenses. This is your emergency fund. Don't touch it.
4. Save up an an additional 1-2 months expenses. This is float money. Keep it in your checking account or an easily accessible savings.
5. Investigate your retirement plan options.
6. Ask friends and family to recommend a good accountant.
7. Decide what form of business you'll be operating. Sole prop., LLC, S corp., etc.

KFN

Previous Ask /. discussion

On: Moving from a Permanent Position to Contract Work?

There was a very good Ask Slashdot discussion on this topic, almost a year ago. It is worth reading:

Switching to Contracting? KFN

Re:Lockpicks

On: Subversive Gifts for New College Students?

A chastity belt? Well, that explains why she needs lockpicks...