"Self-employment
is earning income without being
employed and paid by someone else.
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.
Self-employment isn't like being a
traditional worker because
self-employed individuals aren't
tied to an employer. Being
self-employed gives people
flexibility but comes with certain
tax implications."
Source
Investopedia |