This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthor

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Independent contractor
Independent contractor

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!!! Overview
[{$pagename}] is a [Legal Person] that provides [goods] or [services] to another [entity] under terms specified in a [contract] or within a verbal agreement.
[{$pagename}], unlike an [employee], does not work regularly for an [employer] but works as and when required, during which time he or she may be subject to [Law of agency]. [{$pagename}] are usually paid on a freelance basis.
In the [United States] the distinction between [{$pagename}] and employee is an important one as the costs for [Organizational Entity] to maintain [employees] are significantly higher than the costs associated with hiring [{$pagename}]s, in part due to [United States federal government] and state requirements for employers to pay [FICA] ([Social Security] and [Medicare] [taxes]), unemployment taxes, and often [Health Insurance] on received income for employees.
Likewise, [employees] are protected from being fired without cause, and if fired or let go for other reasons are entitled to unemployment benefits, whereas [{$pagename}]s have neither protection nor entitlement. [Employees] are also entitled to receive overtime pay for work performed over the 40-hour-per-week standard, whereas [{$pagename}]s may work any number of hours (including far above this standard) with no change in pay.
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop