IT Employment

First of all, get yourself a reputable business attorney and accountant to review the various forms of business organizations. They each have there own financial and legal issues to deal with. Perhaps rather than teaming up with other IT consultants, maybe you should add a sales/marketing person and/or a business manager to the mix. If all three of you are already busy, you still won't have time to sell, market and manage yourselves or your new business entity. I don't see where tying the weights together will help you fly any higher.

Right now I am a one-consultant LLC who uses contractors and subcontractors. My last company was a 25-person C Corp which I changed to an S-Corp for tax purposes. Sure my sales volume is way down from whatit used to be, but my profit (or salary) is way up! So tread lightly and do some research.