SBA Hire a Contractor or an Employee?

This provides advice for the best time to hire a contractor instead of an employee. An independent contractor are their own employees and loan out their services to businesses based on staffing needs; they are not necessarily long-term and can provide cost-cutting measures such as saving in labor costs and more flexibility in hiring and firing. The article reinforces the legal ramifications for misclassifying employees and contractors.


Applicability to Business

  • In some cases, it may be more beneficial to hire a contractor
  • Benefits of hiring a contractor may be great


Learning Outcomes

  • Learn the difference between an independent contractor and an employee
  • Determine if a contractor or an employee is best for your business