Comments on: The Pros and Cons of Being an Independent CRA Consultant

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4 Simple Ways to Improve Your Employee Experience - Slide Business — Fri, 20 May 2022 18:52:29 +0000

[…] Flexibility […]

By: Angela

Angela — Sat, 16 Mar 2013 19:26:12 +0000

In reply to JJ. JJ, I would definitely speak to an attorney regarding becoming incorporated (either S-Corp or LLC) versus working as a Sole Proprietor. I would imagine most will tell you it is a good idea to form a corporation because this will completely separate you as an individual from you as a business both financially and from a liability standpoint. Most initial discussions with attorneys are free so definitely seek some advice here. Also, some recruiting agencies will only work with you as a 1099 if you are incorporated. So by working under your S-Corp or LLC you will open more doors. An accountant can also tell you if you have better tax shelters as a corporation - so I would speak to an accountant too. I hope this helps! Ang

By: JJ

JJ — Sat, 09 Mar 2013 23:00:33 +0000

Hi Helen – Great Article. I have been a W2 CRA in the past, and am considering becoming a 1099 consultant for at least a short while. I have received an general agreement from the CRO and am reviewing it. I have never been responsible for obtaining my own disability insurance, med insurance (although, I can extend COBRA to the limit) and liability insurance. I realize that I would need to prepare quarterly filings, etc. Are there any members out there who might be able to offer some advice for someone new becoming independent? Is it a good idea to form an LLC?

Thanks.

By: JS

JS — Sat, 12 Jan 2013 13:27:09 +0000

Helen, Your comment is on point. However, it does not matter if you are independent or a company employee. Sponsors need to recognize all the down sides of the CRA position and become more creative. Some of the more creative staffing can be more part-time positions. Sponors need to realize that part-time is not just working 2 or 3 days/week, quite the contrary in this field, it means you manage 5 to 7 sites. Lots of the traditional paradigms need to change. Many of the senior monitors are leaving because of the lack of flexibility and demands which can be better managed.

By: Helen

Helen — Fri, 13 Apr 2012 17:59:33 +0000

The schedule flexibility was nice, and I’m using past tense because of late many clients are demanding even their consultants agree to 3-4 overnights per WEEK. The money is nice, but that makes for monitors too exhausted to do their jobs well, and that makes for a very poor work product.