apl has asked for the wisdom of the Perl Monks concerning the following question:

Due to circumstances beyond my control (Curse you, Bear Stearns!) for the first time in my career I'm looking for work as an independent consultant.

Are those of you who are self-employed (in the U.S.) self-incorporated? If so,

I don't plan on getting more than one or two gigs a year if that, but neither do I want to get audited.

TIA for sharing how to take this first, scarey step.