Both independent contractors and sole proprietors are self-employed people who haven’t set up formal business entities, like limited liability companies or corporations. They file business taxes using a Schedule C and have to pay self-employment taxes. The difference between the two designations is how they earn income: Independent contractors do specific tasks for clients for... Rosalie Murphy writes for NerdWallet.
Sole Proprietor Vs. Independent Contractor: Which Is Right For Your Business?
Rosalie Murphy, NerdWallet.com
Wed, 12/08/2021 - 11:50am
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