Independent Contractor vs LLC: Understanding the Differences
When it comes to business agreements and contracts, understanding the difference between an independent contractor and an LLC is crucial. These terms may appear similar, but they have distinct implications for businesses. An independent contractor is a self-employed individual who provides services to a client or company. They typically work on a project-by-project basis and have more flexibility in their work arrangement. On the other hand, an LLC, or Limited Liability Company, is a formal business structure that offers personal liability protection to its owners while maintaining a degree of...