Suddenly unemployed, need advice

So a few weeks ago (February 4th) I landed a sweet job at a small firm that services law firms (setting up servers, exchange, various software, workstations, yadda yadda). I was brought on as a right-hand man for one of the partners who had gotten WAY too busy to handle his workload. Today I received a phone call early this morning from said partner saying he had "resigned" and no longer needed a right hand man and that basically I no longer have a job. I wasn't royally pissed because honestly I did not enjoy working for either of the two partners. Thinking even if this guy doesn't need me anymore the other partner is probably hurting for some help if this other jerk didn't even give notice, I decide to call him up and see what the deal is. The deal is the partner I was directly working for is "No longer welcome anywhere near them" and due to my affiliation with him outside of work (which is an issue I'd rather omit from this sad little story), they cannot work with me either. They were very polite, genuinely apologetic, and even offered to pay me unemployment even though I was only there for less than 20 days. That's great and all, however, I am still unemployed and I'm getting married in three months.

Kay, so, I took today to think about how I wanted to use this sudden opportunity and perhaps change directions, but I think I want to keep pursuing a job in the IT field, preferably in hardware and networking because it's what I know.

Problem: I have no credentials on paper aside from multiple previous jobs that will give me good reference. I have no degree in IT nor any certifications, but I do have several years of legit job experience.

Hair-brained idea: If at all possible, I want to go into business for myself. I'm scared to death to do it, but even if it's less lucrative than working for another small firm or as a network administrator somewhere, I have a passion for it and would greatly enjoy it. Is this feasible? Where would I start and how? I'm wide open to advice and criticisms....thanks to all who have read this far.

hey keezel, sorry to hear about your job... Congrats on getting married though!

pursuing a job/career in the IT field sounds like a great job for you, but I would advise against trying to start your own business while your unemployed, and three months away from getting married.

I have no idea of your financial situation nor am I insinuating that your poor, but starting your own business requires a very stable financial situation. Most startup companies fail because they run out of money!

Like I said before, I don't know your financial situation... But if it were me, in the financial situation I am in right now. I would collect unemployment, get married, have a great time on my honeymoon, then get a new job =)

I am not sure how an employer would feel about you taking time off for your wedding/honeymoon, if you got a new job right away...

good luck with whatever you decide.

Putting my resume up on monsterboard did it for me :)

Got so many job offers I had to choose :cool:

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Originally Posted by SirDice

Putting my resume up on monsterboard did it for me :)

Got so many job offers I had to choose :cool:

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What is this monsterboard you speak of?

:drink:

Hi keezel,

First of all: good luck mate! :)

I don't know your circumstances but I would be inclined to agree with ArPaNET in that setting up a new business requires a reasonable amount of capital and your total concentration and dedication.

I would suggest that you might look at the possibility of providing a "service" to mom & pop stores and/or small businesses? Like they may want some sort of variable resource (make sure that you get a retainer fee, as well as a per diem or per item;))

Just a thought................ I shall pray for you.......... yes I do :halo:

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Originally Posted by Cider

What is this monsterboard you speak of?

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Job site... :D

http://www.monsterboard.com

Thanks to all and Arpanet especially for the wise advice. I was planning to just pick up a part-time job to get some extra cash before I got married, and then today things have taken another twist.

The firm has eliminated their hardware/networking branch in order to focus more heavily on the software they specialize in supporting and they have agreed to outsource all of their hardware/networking clients to me. I'm told I need a website up and running PDQ, as well as business cards and a corporate checking account. So now I REALLY need help/advice but of a different nature I think...

Start with: Do you want to do this?

if you do, then go ahead and work with what you were told you need...
1) a website-- can you create/manage your own? are you sufficient in HTML, or whatever language you want to create the website in? Do you have the money to purchase the domain?
2)running PDQ--got one? comfortable with C language etc..
3)business cards-- http://www.fedex.com/us/officeprint/...tationery.html
easy solution
4)corporate checking account--pretty much the same as a regular checking account; depending on where you bank, your going to get a opening deposit of (usually) $100 USD ( http://www.wamu.com/business/checkin...hidelink=false )

The last two are simple, a quick trip to your bank, and a kinkos, and you have them... The first two require something from you. If your not sufficient in those things then you can do one of two things, hire someone who is, or learn =) I am sure there will be no shortage of help from the AO community when it comes to that.

It all comes down to: can you? and do you want to?

Hmm...

I have a basic understanding of HTML, PDQ = pretty damn quick and I meant it as an acronym (LOL), and the other two seem frighteningly simple. I even use WAMU! Thank you sir...I owe you one.

Your very welcome, if you need any help with HTML or setting up a website feel free to PM me. I am sure there are more knowledgeable people on this site when it comes to PDQ...

Anyway you decide to go, I hope you succeed =)

In addition to ArPaNET's advice - what will your employment status be? If you're going to be self-employed, you'll need to at least go to your county seat and establish a sole proprietorship (you won't even be allowed to open a business account without those documents, unless laws seriously differ across the US). You might be able to get away with a 1099-C (miscellaneous income considered as "non-employee income" on your personal tax return), but that's going to depend on the company you're working for. Forget about just pocketing the money, unless the company you're going to work for charges its customers under the table (never know with law firms) - the company you're working for will report the payments to the IRS, and you better make sure you report them, too.

Establishing a sole proprietorship in my county costs $9.95 - not too hefty a fine to make sure you're legal, I would think... Next you'll need to consider state and federal taxes, which will depend on your state - you might also be responsible for municipal taxes. Next up is insurance - you need to take into account that as a sole proprietor, you are personally responsible for any and all debt your proprietorship incurs, and that if you want health insurance... let's just not go there.

Not trying to scare anyone away from doing it - I actually think that it's one of those things everybody should at one point in their lives at least try. What I am trying to say is that if you're going to do it, do it the right way. I've got a pretty solid customer base (I started with less than $200, and never used any personal capital other than that initial investment), but I'm not making nearly as much as I would make working for an employer - that's not really a problem right now (I'm still going to college more-than-full-time, and insurance and other stuff are being taken care of by the wife), but it would be tough to make this into a "real" job (I would have to work more than I'm willing to to make a decent living).

Feel free to send me a PM - I believe I've got a bunch of mistakes I have learned from doing this "self-employment" thing ;)

yep... Negative jumped in right where I get off! I know very little about the legal aspects of working for yourself...

Sirdice: This monsterboard is only US orientated.

Onto the topic :)

Here in SA it takes a ridiculous amount of time to set up a sole trader. YOu cannot claim TAX back or anything like that before you register as NEgative said. I hope the departments in your country are on the ball ... :)

Good luck.

Obviously the rules over here are very different.

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Next up is insurance - you need to take into account that as a sole proprietor, you are personally responsible for any and all debt your proprietorship incurs

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It is not just "debt"........................ here, you would want professional liability insurance and public liability insurance. The first is in case you screw up, and the second is in case you drop something on someone's head :D

Here you would not get work from a corporate unless you had them both.

A common way around the "debt" problem is to set up a limited liability corporation and "employ" yourself............... I guess that would cost around $500 here.

Also, check out any sales tax requirements.

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Originally Posted by nihil

Obviously the rules over here are very different.



It is not just "debt"........................ here, you would want professional liability insurance and public liability insurance. The first is in case you screw up, and the second is in case you drop something on someone's head :D

Here you would not get work from a corporate unless you had them both.

A common way around the "debt" problem is to set up a limited liability corporation and "employ" yourself............... I guess that would cost around $500 here.

Also, check out any sales tax requirements.

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The only difference here in the US is that some companies will hire other companies that don't have sufficient insurance. It is not required to look into the other persons insurance in most cases. The one major difference would be any type of building construction. Most places require workman comp, etc.. type of insurance.

But for technical work, there are plenty of business that run without the proper liability insurance.

I have a friend that is in the hole for around $50k right now. Long story short, he had some expensive equipment that got damaged in his possession. And he didn't have insurance to cover that. His previous customer sued him for the cost of that equipment and won.

Getting a business checking account here in the good ol US requires a tax ID number at inception. This means you need to incorporate. I'd suggest you do so in Delaware and by God man, get an LLC (limited liability corp), NOT a sole propietorship. Your new spouse will certainly appreciate this considering that when you marry, her assets are on the line should you get sued if you're a sole proprietor.

--TH13

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Originally Posted by thehorse13

Getting a business checking account here in the good ol US requires a tax ID number at inception. This means you need to incorporate. I'd suggest you do so in Delaware and by God man, get an LLC (limited liability corp), NOT a sole propietorship. Your new spouse will certainly appreciate this considering that when you marry, her assets are on the line should you get sued if you're a sole proprietor.

--TH13

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Good call.

Are you sure it's necessary to incorporate? Hell, every Joe Blow running an ebay account has a State tax ID #, surely they aren't all incorporated?

As for LLC...yeah, that's pretty brilliant. The last thing I want is someone coming after everything my wife and I have.

I'm trying to decide if I should even get a business license before I've tried this for a couple of weeks to make sure I can get enough clients to make some kind of living...

So far I've coded six web pages (and the style.css), bought a domain and host from godaddy.com, came up with a somewhat witty company name that my friends and family seem to like, and I'm now working on getting some business cards. There is a LOT of stuff to consider, but if this gets off the ground (even considering I'll probably still be quite poor) it'll be a dream come true. It's ironic how much of a nightmare getting into it is.

*edit*
Is it more expensive to set up LLC? It's already $95 just for a sole proprietorship license. Also, is it possible to change over to LLC if I don't have the money at first but want to later? This is probably something I should ask the officials...

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Is it more expensive to set up LLC? It's already $95 just for a sole proprietorship license. Also, is it possible to change over to LLC if I don't have the money at first but want to later? This is probably something I should ask the officials...

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Unfortunately, you're asking questions that a business attorney would be most appropriate to answer. That said, hop over to law.com and ask an attorney there for free (or at least it used to be).

When I considered this move, an attorney pal of mine set me on the road to an LLC. I never followed through so I can't give you the details on the costs but I can tell you this is going to be an all in or nothing deal. The LLC part of the deal was reasonable though. I believe it was around 50 bucks.

Getting a tax ID is simple. Getting protection from liability is not. Go the extra mile if you're truly serious here.

Look at this site for more infoz.
http://www.thedelawarecompany.com/

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Getting a business checking account here in the good ol US requires a tax ID number at inception. This means you need to incorporate.

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You don't need to incorporate to get a tax ID number, or to get a business checking account.

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The only difference here in the US is that some companies will hire other companies that don't have sufficient insurance. It is not required to look into the other persons insurance in most cases. The one major difference would be any type of building construction. Most places require workman comp, etc.. type of insurance.

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Yes, that is pretty much the same here. It is a case of "due diligence" on the part of the principal contractor.

For public liability and employer's liability it is a legal requirement, otherwise it is very much up to the individual. In the IT sector you would find it difficult to get any work without proving that you had suitable cover.