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Commonly Asked Questions about Self-Employed

Generally, you are self employed if: You are in business for yourself (including a part-time business) You work as a sole proprietor or an independent contractor. You are a partner of a partnership that carries on a trade or business.
Self-employed persons may be involved in a variety of occupations but generally are highly skilled at a particular kind of work. Writers, tradespeople, freelancers, traders/investors, lawyers, salespeople, and insurance agents all may be self-employed.
Who is self-employed? Generally, you are self-employed if any of the following apply to you. You carry on a trade or business as a sole proprietor or an independent contractor. You are a member of a partnership that carries on a trade or business.
A person is self-employed if they run their business for themselves and take responsibility for its success or failure. Self-employed workers are not paid through PAYE, and they do not have the rights and responsibilities of an employee.
A self-employed person is an independent contractor or a sole proprietor who reports self-employment income. Self-employed people work for themselves in a variety of trades, professions, and occupations rather than working for an employer.
/ˌself.ɪmˈplɔɪd/ people who do not work for an employer but find work for themselves, or have their own business: They run an advice centre for the self-employed.
Disadvantages of self-employment Your income is dependent on you. You will have less job security. You will have fewer benefits than an employee, such as sick leave, annual leave and parental leave. You rely on clients paying. If youre selling stock, this probably means that youre relying on a supplier.