Independent contractor

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Independent contractor

An independent contractor is a self-employed individual or business entity that provides services to another individual or organization under a contract or agreement. Unlike an employee, an independent contractor is not considered an employee of the company they are providing services for and is responsible for managing their own work and business operations. They are hired to complete a specific task or project and are not subject to the same level of control and direction as an employee. Independent contractors are typically paid on a project or hourly basis and are responsible for their own taxes, insurance, and other business expenses. They have the freedom to work for multiple clients and have more control over their work schedule and methods. Independent contractors are not entitled to employee benefits such as health insurance, retirement plans, or paid time off. The relationship between an independent contractor and the company they are working for is governed by a contract or agreement that outlines the scope of work, payment terms, and other important details.