A situation in which an individual works for himself or herself instead of working for an employer that pays a salary or a wage. A self-employed individual earns their income through conducting profitable operations from a trade or business that they operate directly.

It is important to note that being self-employed is a different situation than simply being a business owner. A business owner is someone who owns a company but does not work with the day-to-day operation of the company. In contrast, a person who is self-employed owns their own business, of which they are also the primary or sole operator. Furthermore, there are often different taxation-related implications for being self-employed versus being a normal employee or a business owner.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • self-employed — ˌself emˈployed adjective JOBS 1. having your own business, rather than being employed by a company: • Over a quarter of agency supplied computer staff are self employed. • Many self employed businessmen are dependent on loans for working capital …   Financial and business terms

  • self-employed — self em ployed adj working for yourself and not employed by a company ▪ a self employed plumber ▪ pension plans for the self employed (=people who are self employed) >self employment n [U] …   Dictionary of contemporary English

  • self-employed — In law, the key tests as to whether a person is an employee or an independent contractor include whether the services are carried out by a person on his own account, and the degree of control over the performance of the job. Easyform Glossary of… …   Law dictionary

  • self-employed — /ˌself ɪm plɔɪd/ adjective working for yourself or not on the payroll of a company ● a self employed engineer ● He worked for a bank for ten years but is now self employed. ■ plural noun ♦ the self employed people who work for themselves …   Dictionary of banking and finance

  • self-employed — [self′em ploid′] adj. working for oneself, with direct control over work, services, etc. undertaken and fees, charges, etc. set self employment n …   English World dictionary

  • self-employed — self′ employed′ adj. bus earning one s living from one s own profession or business • Etymology: 1945–50 self′ employ′ment, n …   From formal English to slang

  • self-employed — ► ADJECTIVE ▪ working for oneself as a freelance or the owner of a business rather than for an employer. DERIVATIVES self employment noun …   English terms dictionary

  • self-employed — adj. working for oneself, as a freelance or owner of a business etc.; not employed by an employer. Derivatives: self employment n. * * * ˌself emˈployed [self employed self employment] adjective working for yourself and not employed by a company …   Useful english dictionary

  • self-employed — ADJ If you are self employed, you organize your own work and taxes and are paid by people for a service you provide, rather than being paid a regular salary by a person or a firm. There are no paid holidays or sick leave if you are self employed …   English dictionary

  • self-employed — adjective working for yourself and not employed by a company: go self employed (=become self employed) | the self employed (=people who are self employed): pension plans for the self employed self employment noun (U) …   Longman dictionary of contemporary English

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