>OK, as long as I can bill as an individual, and take care of taxes next spring, all's fine.

Normally, as an independent you have to pay your taxes quarterly and forecast ahead (pay taxes based on expectation). If at the end of the year you underpay, then there can be a substantial pentality for underpayment during the year -- the IRS wants their money now. I would recommend talking to a tax accountant to ensure you don't have to pay pentalities.