What is the difference between an employee and a contractor?

In Virginia, the distinction between an employee and a contractor is important in the realm of commercial law. Employees are hired by a company to work on behalf of that company. They are paid an hourly wage or an annual salary, and their employers are responsible for any taxes or fees related to their employment. Employees typically work within the confines of the company, and they can be given certain duties and responsibilities by their employers. On the other hand, contractors are hired by companies on a short-term or project-by-project basis to provide specific services. They are usually paid a fee for their services and are responsible for any taxes or other fees related to the job. Contractors typically work independently of the company and can set their own working hours and rates. In the eyes of commercial law, there is a distinct difference between an employee and a contractor. Employees have more rights and obligations to the company they work for, while contractors can be considered as more of an independent actor. Each party also has different responsibilities when it comes to taxes and fees. The key difference between the two is the degree of independence, as contractors often have more autonomy than employees.

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What is the difference between an employee and a contractor?

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