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General Discussion
"Shop" Rates - What to Charge per hr?
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<blockquote data-quote="Markrobinson" data-source="post: 648545" data-attributes="member: 1478"><p>My experience is similar but a different field (residential remodeling).</p><p></p><p>For years I worked for a contractor who paid me ~$18/hr and billed me out at $60. On the weekends I charged $25-30/hr under the table, not paying taxes, no business license, etc. Three years ago I started my business and now charge $65/hr and have 3-4 months of work lined up and I never hand out a business card. </p><p></p><p>I don't know your day job and how far you want to take your fabrication work, but if it were me I'd consider doing what Patrick said above: get the LLC, but further, form a legitimate business. When I look back, I wish I had done it years sooner. I was leaving money on the table and delivering the same dedications and quality I do now.</p></blockquote><p></p>
[QUOTE="Markrobinson, post: 648545, member: 1478"] My experience is similar but a different field (residential remodeling). For years I worked for a contractor who paid me ~$18/hr and billed me out at $60. On the weekends I charged $25-30/hr under the table, not paying taxes, no business license, etc. Three years ago I started my business and now charge $65/hr and have 3-4 months of work lined up and I never hand out a business card. I don't know your day job and how far you want to take your fabrication work, but if it were me I'd consider doing what Patrick said above: get the LLC, but further, form a legitimate business. When I look back, I wish I had done it years sooner. I was leaving money on the table and delivering the same dedications and quality I do now. [/QUOTE]
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"Shop" Rates - What to Charge per hr?
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