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Was curious about your situation so looked at your profile. > I run a high-grade 2-person consultancy that works with both established companies and passionate
by davidjnelson 8y ago
Was curious about your situation so looked at your profile.
> I run a high-grade 2-person consultancy that works with both established companies and passionate entrepreneurs to help them polish their ideas, turn them into state-of-the-art working products, and bring those products into the market.
Sounds like you own a successful business. Congratulations, that is very impressive.
Keep in mind though that entrepreneurship is far riskier than employment, and this discussion is around being an employee. So it’s not an apples to apples comparison.
- oldboyFX 8y agoThanks but contracting / doing projects with a friend is hardly "owning a successful business". You wouldn't call $5/hour folks on upwork "business owners". We're basically doing the same thing, selling our time for money.
- davidjnelson 8y agoIt’s fairly straightforward if you use the irs definition. Small business owner: files 1099, pays self employment tax. Employee: files 1040, doesn’t pay self employment tax.