self-employment

Self-employment refers to working for yourself rather than as an employee of a company, such as running a business or doing freelance or contract work. In legal terms, it often involves rules about taxes, business registration and licensing, contracts, and whether a worker is properly classified as an independent contractor versus an employee.

Sole proprietor working at desk with laptop

What is a sole proprietorship?

A sole proprietorship is a one-owner, unincorporated business where the owner and business are legally the same. You report income on your personal tax return and you’re personally liable for business debts. This article explains how sole proprietorships work, pros and cons, and when to consider another entity. Understanding Sole Proprietorships A sole proprietorship is […]

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