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Part Time Employment?

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  • #47020

    Ken Theriot
    Participant

    Has anyone here done any “part-time” employment doing CPI consulting?ย  I don’t want to start full-time so soon after my retirement from the military, and the TSC I’m going to work for has offered me part-time employment until August.ย  I’m supposed to get a call this week to discuss the details.ย  But I just wanted to know what folks may know about part-time.ย  I mean, I used to work part-time as a teen-ager.ย  Basically the boss would tell me “I need you 12-5 on Saturday and 11-4 on Sunday, then 2 or 3 days a week from 6-9 pm.ย  I had literally no flexibility in my schedule.ย  I got paid minimum wage.ย  That was it!ย  I don’t have a frame of reference for negotiating pay.ย  Is it still hourly?ย  I’m hoping for flexibility in my schedule.ย  I hope to just go in when they specifially need me (usually for contract work) and “when I feel like it.”ย  If they pay by the hour, they’ll only have to pay me when I’m there, right?ย  What I DON’T want is them to say: OK, you work here 8-5 these days, regardless of any specific work that needs to be done.ย 
    Anyway, I know it sounds odd to ask, but I am just looking for any advice on what to expect.
    Thanks.
    Ken

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    #156169

    Cone
    Participant

    Ken,
    I work part time. The trick is to make enough in 2 or 3 days and then have something really worthwhile to do with the rest.
    You don’t want to work full time and you are being offered the opportunity to do just that. What is the issue?

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    #156174

    GB
    Participant

    Ken,
    These days, I am working for “The Man” and I consult part time.ย ย  The difference between working part time as a teen and now as a retired Military Officer is that you have the “guns” to set the terms of your part-time employment.ย ย  If your TSC approaches you with a gig that fits your schedule…cool!ย ย  If not, you have the luxury of turning it down.ย ย  Not sure of your rank at retirement, but if you did your 20 as an officer, you are probably an O-4/O-5/O-6 (Major/LTC/COL) so your retirement is pretty solid.ย ย  Your ability to “double-dip” is greatly enhanced and you have greater leverage to set your terms.
    ย 

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    #156177

    Ken Theriot
    Participant

    That was my rank HBGB:).ย  I definitely hear you.ย  Thanks for the advice.ย  Of course you’re right.ย  do you do your part-time as an independent?ย  That’s another thing I’d like to consider, but I don’t know how to do the simple things, like billing, etc.ย  That would be another piece of advice I’d be looking for.ย  Do you have to get licenses, set up tax IDs, etc?
    Ken

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    #156179

    Ken Theriot
    Participant

    Gary,
    I am only trying to get a feel for what is “normal and common” for this type of employment so when I mention my wants, they don’t laugh at me:).
    Ken

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    #156181

    GB
    Participant

    Indy is right.ย ย  Business Licensing, tax ID’s too…Depending on your locale, you may want to inc. (LLC.).ย ย  Some consultants i know do 1-2 gigs a year and get paid in cash.ย ย  they don’t bother with a biz lc/tax ID, etc…ย ย  I wouldn’t recommend that approach, as the Gov’t will eventually track them down.

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    #156195

    Adam L Bowden
    Participant

    – Either Soc number if occasional gigs,
    – LLC for gigs upto a certain $ income per yr
    – then, over the $ threshold, I was advised by a tax consultant/ attourney that changing to an S-Corp could provide some further tax benefits

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