An independent contractor is a self-employed individual or entity contracted to perform services for a company without being an employee. They operate under a contractual agreement and are responsible for their own taxes and benefits.
Why Independent Contractors Matter
Engaging independent contractors provides flexibility and access to specialized skills without long-term employment obligations. However, misclassification risks legal and financial penalties, especially across complex international regulatory environments.
How HSP Group Can Assist with Independent Contractors
HSP Group helps businesses correctly classify and manage independent contractors, ensuring compliance with local regulations. Our experts provide guidance on contract structuring and risk mitigation. For more insights, read our blog post on 5 Common Pitfalls to Avoid When Hiring an Independent Contractor.