do what you enjoy
no paid days offno benefitswork may come and goyou are liable for your own taxestypes of self employmentindependent contractors are businesses or individuals hired to do specific jobs they receive payment only for the jobs that they do because they are not considered employees they do not receive benefits or workers compensation their clients do not withhold taxes from their payments for work performed and equal opportunity laws do not apply to them 5examples of independent contractors include doctors journalists freelance workers lawyers actors and accountants who are in business for themselves it is worth noting that independent contractors are not just limited to specialized fields and can include various jobs sole proprietors are the only owners of unincorporated businesses while partnerships involve two or more self employed people who form a business together independent contractors sole proprietors and partnerships often hire a few employees to help them with their work 67the number of self employed and unincorporated individuals in the u s as of march 2024 8it is estimated that freelancers particularly in what is known as the gig economy will continue to grow there were approximately 67 6 million freelancers in 2021 which is expected to grow to 86 5 million by 2027 it is expected that 50 9 of the workforce will be freelancers by 2027 9