In the U.S. is may just be a different check box on your tax forms.
Actually if you were for example working as an independent contractor for some company you consequently get no benefits from them, and have to pay an additional 15% self employment tax. You are also expected to pay quarterly estimated tax payments, in part because there is no employer taking out withholding.
I want to be self employed now because i no longer working until now what is the requirement to convert my status to self employed?
