Me? I wouldn't touch it as a freelancer.
i'm a little late on this thread too, forgive me.
i'm in california, so i can't speak for the whole
contry/world, but for me, it made sense to
incorporate a Limited Liability Company. An LLC
limits your liability to the amount you invested in
the company (which for "freelance" web work, can be
very small). Of course, the Company remains liable
and might still consider insurance/contracts/etc, but
it does limits your personal liability -- they cant
come after You personally in court. It's nice to know
they can't take my home, or completly ruin my life.
There are distinct tax advantages to having a LLC
handle the work, instead of me as an individual
freelancee. Even if I personally end up doing
the "work" at the end of the day, the layer of
professionalism and insulation is comforting.
You might be suprized what people are willing to sign
to in a contract. i've explicitly stated that i have
zero liability in many contracts, and watched the
client happily sign. A contract can be a basis of
negotiation, so put what you need to into it and go
from there.
i'm a big fan of the easy to understand legal advice
on http://www.nolo.com. Their "Entrepreneur Bundle"
was great in helping me get my own LLC company up and
running.
2cents, (and thanks for humoring me),
nate koechley
vicksburg collective, llc