An independent contractor is a self-employed individual or entity that works for themselves, as opposed to a contractor that is employed by an umbrella company or agency.
An independent contractor sources their own clients and manages the relationships with the companies they work for. They are responsible for paying their own taxes and do not receive benefits from the companies that employees receive, like PTO.
Disclaimer: This article and all information in it is provided for general informational purposes only. It does not, and is not intended to, constitute legal or tax advice. You should consult with a qualified legal or tax professional for advice regarding any legal or tax matter and prior to acting (or refraining from acting) on the basis of any information provided on this website.