what is a contractor job

A contractor job is a type of employment where a worker is hired to complete a specific job over a predetermined period and for a set amount of money. Contractors are also called independent contractors, contract workers, freelancers, or work-for-hire staffers. They are self-employed individuals who operate independently on a contract basis and are contracted by organizations to work on particular projects or assignments. Contractors can work for a company and are paid for their services but are not technically on the organizations payroll. They can also do work for multiple companies at one time. Contractors are not employees; instead, they run their own entity, such as a sole proprietorship, limited liability company, or limited liability partnership. Contractors are responsible for their own taxes, insurance, and benefits, and they do not receive employer-provided benefits such as health insurance, retirement plans, or paid time off. Contractors can be hired for short- or long-term projects, and they are responsible for managing their own work and meeting the projects requirements.