Wat is the difference between Self Employed and being a Businessman?
956050
self employed means you work for yourself but business man means that you work with others and for other even though it might not be directly.
196924
The world of self-employment is one of the most challenging, demanding and even harrowing things that you can do. But for the right individual, it can also be personally and financially rewarding. Self-employment is the ticket to higher earnings without limit and the right to control and work your own schedule. But it's not easy work. A lot of self-employed people are working longer hours and weeks than ever. The difference is that they are doing work they truly enjoy, and are getting paid for it!\n\nIt depends on your economic goals - whether you want to increase income, replace income or augment family income\n\nIt also depends on your retirement goals - if you think self employment can do a better job of ensuring your future and making sure that you have money for retirement \n\nIt also depends on personal goals - for some, self employment is not just about money. Rather, it gives them the lifestyle they want - a retiree who wants to pursue their passion and turn it into a business; a stay at home mom who wants to earn money while being with kids, etc.
185083
I started my own businessabout six weeks ago.  It's a transcribing business and probably of no use to you whatsoever but the best thing you can do is to get in touch with the Inland Revenue's Help for Newly Self Employed people and they will send you out a starter pack.\n\nSpeaking from experience, the best ever thing I did was to start up my own business.  I still work full-time but work on my own business on an evenings and weekends.\n\nMaybe it would be an idea to gain employment first after you leave the forces to ensure guaranteed income prior to actually taking the step.\n\nBest of luck.
589195
Both.  I am employed in the private sector while also receiving a paycheck from a government job.  The government haven't noticed that I don't show up at work; they even sent me a perfect attendance bonus check last year!
980655
Why don't you become self employed?  You've got lots of credentials.  Go for it!  When no one else has faith in you, you've got to find it within yourself.
721393
Sole Proprietorship  \n\nA business owned by one person, who is entitled to all of its profits and responsible for all of its debts, is considered a sole proprietorship. This legal form is the simplest, providing maximum control and minimum government interference. Currently used by more than 75 percent of all businesses, it is often the suggested way for a new business that does not carry great personal liability threats. The owner simply needs to secure the necessary licenses, tax identification numbers, and certifications in his or her name, and you are now in business!\n\nThe main advantages that differentiate the sole proprietorship from the other legal forms are (1) the ease with which it can be started, (2) the owner's freedom to make decisions, and (3) the distribution of profits (owner takes all).  \n\nStill, the sole proprietorship is not without disadvantages, the most serious of which is its unlimited liability. As a sole proprietor, you are responsible for all business debts. Should these exceed the assets of your business, your cred­itors can claim your personal assets--home, automobile, savings account, and investments. Sole proprietorships also tend to have more difficulty obtaining capital and holding on to key employees. This stems from the fact that sole proprietorships generally have fewer resources and offer less opportunity for job advancement. Thus, anyone who chooses the sole proprietorship should be prepared to be a generalist, performing a variety of functions, from accounting to advertising. \n\n\nFeatures of the LLC\n\n Limited Liability Status. The main attraction of an LLC is its limited liability status, a feature that it shares with corporations. The LLC limit your personal liability from business debts and damages incurred by the business. It basically lets you off the hook from legal liabilities such as court judgments and legal settlements obtained against the business.\n\n Tax Benefits. Like sole proprietorships, partnerships, and S corporations, the business profits and losses of an LLC are taxed at individuals' income tax rates. You will avoid a corporation's double taxation, where taxes are reported at a separate business level.\n\n Owners of the LLC. While owners of corporations are called stockholders, LLC owners are referred to as members. A member, who invests in the LLC and receive a percentage ownership interest in return, may be an individual or a separate legal entity such as a partnership or corporation. The percentage ownership is used to divide up the assets of the LLC when it is sold or liquidated, to split up profits and losses of the LLC or to divide up its voting rights. While an LLC can exist with one member, some states such as the District of Columbia and Massachusetts require LLCs to have two or more members.\n\n Flexible Management Structure. An LLC can be run either by its members or a management group elected by the members. While many small businesses are managed by their own members, an LLC can easily adopt a management-run structure in the following situations: the members decide to employ outside management help; not all of the members want to run the LLC; or an outside investor wants to be given a vote in management.\n\n Flexible Distribution of Profits and Losses. Similar to partnerships, dividing up profits among the LLC members is not restricted to the members' capital contributions. You may split up LLC profits and losses any way you wish, as long as it is provided for in the operating agreement.
411271
Similar, but not necessarily so. As a sole proprietor, you can still create a balance sheet of your business. Even the self-employed separate business from personal expenses. \n\nYour net-worth will include the "value" of your business; however your balance sheet would be strictly business. Suppose you wanted to sell your sole-proprietorship (and it had some value someone would purchase), You would not provide a prospective buyer your net worth - you would provide a balance sheet, income statement, etc...
1014188
Unless you register your business, it's called self-proprietorship. Don't forget to do your taxes.
159597
Many entrepreneurs (and kudos to you for spelling that correctly!) like myself, are self-taught.  If you have a passion for something, that's generally what you go into business doing.  \n\nYou should have a basic accounting and basic business law background (courses at a community college or junior college will suffice), but even that's not necessary if you hire yourself a good lawyer and a good accountant.\n\nIn America, the possibility exists for anyone to do anything.\n\n"If we can dream it, we can do it." -- Walt Disney
309479
The article "Why Self Employment?" http://www.powerhomebiz.com/vol15/self.htm talks of three goals for starting a business:\n\n1. Your Economic Goals = to increase your income and earn more money; replace income; and augment family income\n\n2. Your Retirement Goals = Corollary to your economic goals, some people start entrepreneurial ventures specifically to provide a comfortable nest egg for their retirement. They believe that they can do a better job of ensuring their future and making sure that they have money for retirement if they are in charge of their own income.  \n\n3. Your Personal Goals = For some people, money is not the sole attraction of self-employment. These people are driven by their own personal agenda that only the process of starting a business can provide. \n\nThis is what is often called "lifestyle entrepreneurship" where the lifestyle that entrepreneurship can bring is more important than any financial rewards
674170
I've personally always known that I want my own business from being very young, which is why i'm in a crappy position at the moment after uni to decide what i want to do in the meantime to get the funds to set up my business...i want to be my own boss and not be told what to do and have to hold myself back.\n\nGood for you and good luck if that's what you decide to do.
799045
Accounting is like technology in a way. Any job where you hope to be a manager will require you to be a bookkeeper and/or an accountant, and like technology, it all helps you move up the chain faster at any company. Even the online director at a company has to be an accountant. Entrepreneurs have to be accountants and techies to get investors.
995171
No, you are the business owner. You are the one who knows an employees value to the business. Pay them accordingly. Most often people really don't understand their own value. They over rate themselves. It seems the more they think they're worth, the less they really are worth.
28505
i believe business is better, business is a big realm and it always gives you the chance to go higher in the hierarchical system. accounting will most probably keep you as an accountant, senior accountant, or chief accounant.
204027
So much depends on your knowledge, experience and personality. Assuming you have limited experience but a good education in a particular field then starting to work for someone else to gain experience is a good idea. Then if you have the type of personality that can take the ups and downs of starting your own business, then do it.
296313
dba stands for "doing business as".\n\nIf you are doing business under a name other than your own, you must file a dba so people know who they're really doing business with if they wish to find out.  If not, you don't.  For instance, if your name is Joe Smith and your business name is "Joe Smith Enterprises", no dba is required.  If you're doing business as "VGA Construction", yes you do need to file a dba.\n\nWhether or not you have to obtain a license or permit depends on the service you are performing.  I suggest you find out the government agency that regulates the business/service you conduct and they can tell you what is required as far as California's requirements.\n\nYes, all government requirements should be accomplished before providing your services to the public..  If not, you could be in a lot of trouble.\n\nAs a self-employed person, you will have to pay FICA either on your wages or earnings.  How much will be subject to FICA will be determined by the business form you choose and how you manage the cash flow. There are many business form choices, such as sole proprietorship, partnership, limited liability company, limited partnership, C corporation, S corporation, etc.  All have differing tax rules and you have no flexibility in some, a lot in others.  Just because there may be only one person in your business, it doesn't automatically follow that your formation should be as sole-proprietorship.  In fact, that's the worst possible form in the case of a one person company if you wish to protect your personal assets from possible business lawsuits in the future.\n\nI would suggest you go to the Nolo.com website for books on business formation.  Some of their books are general in nature but others are specific to California.  I am not a California resident (I live in Texas) but I have a bachelor's degree in business.  Plus I've done my own additional research for my own business pursuits.  Anything you need to verify on the subjects you asked about can be checked at the California Secretary of State's website or the IRS' website or in one of the business books sold at Nolo.com.\n\nGood luck!
797834
you will probably qualify as a partnership, not a Corp (Ther are certain guidelines to both).  You should talk to the small business association to get that information tho.  You are right though, it is mostly about taxes.  If you are a corporation, you are what they call, double taxed, but you are only liable as far as the business itself.  As a partnership, you are liable for everything you own.  Meaning that if someone sues you, they can take everything as a partnership, but the upside is that taxes are lower.