Determine the Type of Services
Before starting up any sort of work, you must determine what type of contractor you want to be. It all depends upon your personal skills and abilities to perform duties. For instance, if you posses administrative skills, then becoming an office organiser, word processing or bookkeeping independent contractor is the way to go.
Determine your Remuneration
Then you have to determine how much you will charge for offering your services to the clients. Search for the prevailing remuneration rates in the market or contact other such companies to find out how much your competitors are charging their customers. You need to set a competitive value to attract new clients.
Learn Record Keeping
As an independent contractor, you must be able to keep the records of every single transaction you make in the course of your business. Effective bookkeeping software in the market include Peachtree and Quicken, which makes the record keeping process relatively easier and faster.
You must apply for an employer identification number at the Internal Revenue Service website to legally get registered as an independent contractor. You can also sought help by calling the IRS Business and Specialty Tax Line.
Being an independent contractor, you should learn about filing your tax return. You can also seek advice from a chartered accountancy firm for tax filing if you have any sort of confusion in the process.
Professional Licence and Insurance
Your particular field of work might need you to have certain professional licence and insurance. Consult a business insurance professional for determining the necessary insurance and licences you must have to conduct your business.