NEW YORK (AP) _ Thinking of making the leap to freelance, or hiring an independent contractor? Here are some pros and cons to keep in mind:

FOR INDEPENDENT CONTRACTORS/FREELANCERS

Pros:

_ More control over the work you do.

_ Flexible schedule.

_ The possibility of making more money.

Cons:

_ You’re responsible for finding the next job.

_ Need to figure out health insurance, retirement savings and taxes. Must also keep track of payments from gigs.

_ Not having co-workers can get lonely.

FOR COMPANIES

Pros:

_ Independent contractors bring in fresh ideas without paying a full salary and benefits.

_ Contractors can focus on one problem or issue that needs solving.

_ Hiring companies can vet contractors, saving time and money.

Cons:

_ If a company likes an independent contractor, it may be hard to get them to stay or work full-time hours.

_ The contractor might not be a match, and could take time and additional money to find a replacement.