W-2 contractors are typically used to receiving a paycheck on a regular cycle. It depends on the company s pay cycle, which could be as much as 30 to 60 days. Another issue to consider is benefits. When you become independent, you have to find affordable, professional liability insurance. Contract reviews pose yet another challenge.
Contracts contain legal language that some people don t understand.
That s another educational process. Then, of course, being independent means you have to follow up on invoices and make sure you get paid. Techcellence and other similar companies offer these and a number of other services. In other words, MacKenzie bills his services to his payroll agency, which bills the staffing firm, which, in turn, tacks on its overhead and bills the client. MacKenzie still gets paid from his payroll agency and doesn t lose any of the benefits he already has in place.