I am thinking about going out on my own, as sort of an independent contractor and a remodeling specialist. Right now I am working for a really great guy I have known since I was a kid and he taught me all sorts of stuff about what I do, but he is 67 years old and ready to retire. Right now I run almost all of the jobs myself and he is talking about it being time for me to get my crap together and buy him out. I need to think about costs, like auto insurance rates on the trucks and how much insurance I need against all of the innumerable things that could possibly go wrong if you were unlucky or if you happened to actually do something wrong.
One thing that worries is what happens if you get sued by one of your workers or your clients. I try to keep my temper even and I do really good work, but I know about people who get sued simply because the other party wants to get some money for free or wants to cheat you out of the money you are owed for doing a job. I do not know anything about contract law and I do not want to either. However I do know that there have been quite a few people who have tried to just take advantage of my employer like this. One time they called me to testify in a case. This guy was obviously trying to steal from Ben, everyone could see it and they threw the case out of court as quickly as they could. Then the judge got mad and gave this guy a really stern warning about what he was doing, but Ben had to hire a lawyer and that cost him money.Take A Look Here