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Going the contract route

Going the contract route

Going the contract route

(OP)
The company I'm working for is failing.  We have laid off about 2/3 of our work force and closed several offices.  I have already survived one office closure, but I think my current office will close within 3 months, and despite my technical competence I don't know whether I will survive the next one.  I am actively looking for a job, while doing everything I can to keep the one I have.  As a PE-licensed mechanical engineer, do I need to incorporate myself in order to protect my personal assets from liability while accepting contract positions?  What type of corporation is best for a one-man engineering firm?  I was looking into LLC's, but I read that there were some tax disadvantages that I couldn't quite comprehend.  Any advice would be appreciated.   

RE: Going the contract route

If you are just a contract drone working through a contract firm, you are protected as an employee of the contract firm (in states I have worked).

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