Difference between revisions of "Independent contractor"
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| − | [[File:Contracting.png|400px|thumb|right|[[Independent contractor]]]][[File:Employee-vs-contractor.png|400px|thumb|right|[[Independent contractor]] vs [[employee]]]][[File:Org-struct.png|400px|thumb|right|[[Functional structure]]]]An [[independent contractor]] (in the [[United States]], also known as [[1099-form worker]]; hereinafter, the ''Contractor'') is a [[ | + | [[File:Contracting.png|400px|thumb|right|[[Independent contractor]]]][[File:Employee-vs-contractor.png|400px|thumb|right|[[Independent contractor]] vs [[employee]]]][[File:Org-struct.png|400px|thumb|right|[[Functional structure]]]]An [[independent contractor]] (in the [[United States]], also known as [[1099-form worker]]; hereinafter, the ''Contractor'') is a [[contractor]], who is an [[individual]] who provides any [[legal entity]] with his or her [[product]]s, usually, [[service]]s. The ''Contractor's products'' are specified under terms of a [[contract]] or a verbal agreement. |
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| + | The ''Contractor'' is also a legal term that the [[Internal Revenue Service]] ([[IRS]]) utilizes in order to distinguish the ''Contractors'' from [[employee]]s. Unlike an [[employee]], the ''Contractor'' 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. The ''Contractors'' are usually paid on a freelance basis. The ''Contractors'' often work through a limited company or franchise, which they themselves own, or may work through an umbrella organization. | ||
==Related lectures== | ==Related lectures== | ||
Revision as of 16:34, 22 March 2020
An independent contractor (in the United States, also known as 1099-form worker; hereinafter, the Contractor) is a contractor, who is an individual who provides any legal entity with his or her products, usually, services. The Contractor's products are specified under terms of a contract or a verbal agreement.
The Contractor is also a legal term that the Internal Revenue Service (IRS) utilizes in order to distinguish the Contractors from employees. Unlike an employee, the Contractor 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. The Contractors are usually paid on a freelance basis. The Contractors often work through a limited company or franchise, which they themselves own, or may work through an umbrella organization.
