Independent Contractor:
Pro's 1. Income Limitless
2. Freedom to set your own schedule
3. Contract work (length 30 days to 1 year usually).
4. Tax advantages (health insurance, supplies, equipment, car-if you
travel from office to office in one day, not just commuting).
Con's 1. Taxes (set at least 15%-30% aside for taxes). You will pay all of
your taxes for FICA, medicare, and social security.
2. No benefits (you have to provide disability, health, malpractice
insurance on your own). I pay for my disability with after tax money.
3. No paid time off hours/sick hours. No work no pay
4. Typically treated like an employee, but main corp doesn't want to
pay the corporate taxes. See KHE for his work experience.
Those are my top 4 pro's/con's for an IC.