What is independent contracting? For Immigrant Business Owners
Updated: Dec 27, 2022
There are many misconceptions about what it means to be an independent contractor. Make sure you know these key distinctions before you start independent contacting!
What is an Independent Contractor?
An independent contractor is a person or business that performs services for another person or business. Both parties enter into a contract that clearly defines the contractor’s duties, pay, type of work, amount of work, and more.
Independent contractors differ from traditional employees who’ve gone through a company’s hiring and onboarding process. The company pays its contractors, but contractors aren’t employees. Instead, independent contractors are self-employed (also known as a “business for self”); they can operate and work for several clients simultaneously.
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