Tuesday, August 19, 2014

Starting to See Why I left the Corporate World

Hi,

I spent this morning learning about the legal aspects of fundraising, some of which I gleaned earlier and some I didn't really know. There is a lot to know when you are going out on your own as an independent contractor. One of the things I suddenly realized is that I can use the EIN number I have, and should be using it instead of an SSN number. It makes a whole lot of sense to use the EIN number for business and keep your SSN number for when you are an employee. You get an EIN number when you register with your state which will ask you what taxes you are going to be paying. For most independent contractors, it will be the social security taxes, and the sales taxes. I still have some questions though.

Corporations do make you go through some "hoops" to allow you to get their business. It all seems confusing and time consuming when you have to go through a delicate dance between what is and isn't acceptable. You often wonder if it's worth it. You really have to ask yourself at one point whether or not you want to continue playing the corporate games or start moving in another direction.

I can understand why there are so many rules and regulations. It is hard to know when you're accidentally breaking one especially when you are out on your own as an independent contractor. So I'm taking this slow. Listening intently and learning all I can about what I need to know to help grow my non-profit organization. I'm hoping that in the near future that enough funds and support will come in to grow the vision I have for the organization.

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