Answers Contracts (A)December 27, 2016What Are the Pros and Cons of Being an Independent Contractor vs an Employee? Pros of being an independent contractor you retain autonomy. In theory, as an independent contractor, you’re supposed to be your own boss. As such, you have control over your hours, how much you charge, how you do the work etc. you may be able to put more money away in tax deferred accounts Cons of being an independent contractor independent contractors are taken advantage of; they should be classified as employees, but their employers unlawfully classify them as independent contractors in order to bypass payroll taxes and benefits no fringe benefits from employer have to maintain unemployment insurance in some industries responsible for filing taxes. This could be a good thing if you keep track of your expenses, which you will be able to deduct from your earnings Legal is hard. Let’s tackle it together. Speak to one of our Legal Pros and discover how we can help. Employment, Q&A Previous What Are Some Options for Startup Founders Needing Immigrant Visas? Next Why Is Asking a Potential Investor to Sign an NDA at a Pitch Meeting Commonly Viewed as a Faux Pas? You may like these too What are the minimum legal services I need for my new startup? October 23, 2017 Can I permanently settle in the USA on a visitor visa? November 11, 2017 What is your advice for incorporating, while working full-time at Intel? I am afraid to get laid off and that they will overtake my business (no COI.) September 27, 2017 What is the first step to start a pharmacy business? March 24, 2017 Do I need a trademark or a copyright to protect my clothing brand logo? October 12, 2017 Can I Apply for a L1 Visa on My Own? December 22, 2016 What are the common mistakes or hurdles that startups face, hindering their growth? November 6, 2017 Comment There is no comment on this post. Be the first one. Leave a comment or Cancel Reply Name* Email* Website Save my name, email, and website in this browser for the next time I comment.