""One of the most important ways to succeed as an independent developer is to treat yourself like a business," says Darian Shimy, CEO of FutureFund, a fundraising platform built for K-12 schools, and a software engineer by trade. "That means setting up an LLC or sole proprietorship, separating your personal and business finances, and using invoicing and tax tools that make it easier to stay compliant," Shimy says."
"Income for freelance developers varies depending on factors such as location, experience, skills, and project type. Average pay for a contractor is about $111,800 annually, according to ZipRecruiter, with top earners making potentially more than $151,000. That's in line with what developers in general can expect to make, based on U.S. Bureau of Labor Statistics figures for median pay in 2024, the most recent figure available as of this writing."
Success as an independent software developer requires significant preparation, sustained hard work, and some luck; luck is described as the residue of design. Income varies with location, experience, skills, and project type, with average contractor pay around $111,800 annually and top earners potentially exceeding $151,000; median developer pay figures for 2024 align with those ranges. Becoming a formal business is recommended: form an LLC or sole proprietorship, separate personal and business finances, and use invoicing and tax tools to stay compliant. Business structure provides client confidence and prevents administrative headaches. Developers often underestimate the value of structure.
#freelance-software-development #llc-and-business-structure #income-and-compensation #invoicing-and-tax-compliance
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