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Odd that this article (and this comment on it) use a definition of “self employed” that still involves having an Employer. I’ve always considered the term to me
by jasonkester 5y ago
Odd that this article (and this comment on it) use a definition of “self employed” that still involves having an Employer. I’ve always considered the term to mean running your own product business. I certainly never used it to describe my consulting work.
The author’s points all hold up, but it would make more sense to change the title so that it was cleat that it was comparing W-2 salaried positions to 1099 contracts.
- fouc 5y agoSelf-employed is usually synonymous with a contractor, someone that's working for clients and typically trading time for money. A business owner on the other hand would be a more apt description for someone that is running their own product business or running a services business where they have employees or outsource the service work.
- biztos 5y agoIn the US it's a common term for what the IRS calls you, regardless of what you actually do. Own an S-Corp selling toothpaste? You are self-employed. Have a sole proprietorship mowing lawns? You are self-employed. Have a C-Corp mowing lawns? You are an employee! But then your corporation has to pay taxes too.