What does it mean to be a contractor?

What does it mean to be a contractor?

contractor(Noun) A person who executes the building or improving of buildings. contractor(Noun) A person or company that performs specific tasks like electrical or plumbing work in construction projects.

Is it worth being a contractor?

Here are some of the benefits you could enjoy as a contractor: … Benefit from your skills and expertise – instead of a company making money out of your talent, you will. Focus on the work you enjoy and are good at. Some industries have contractors that make more money than is possible as an employee.

Do contractors get paid well?

Contractors earn more money than employees do. It's that simple. That is because contractors charge more and can take home a lot more of their pay than employees are able to. Contractors have three major advantages: they typically charge more, they pay less in taxes, and they can deduct their expenses.