A sole-proprietor is a person who owns a sole-proprietorship business that is registered with the Accounting and Corporate Regulatory Authority (ACRA). A self-employed person is a person who earns a living by carrying on a trade, business, profession or vocation.
If you are a sole-proprietor/self-employed person, you do not report to a boss, because you are your own boss. The income that you earn is considered your business profits, not your salary.
You are a self-employed person if you fall under any of the categories below:
|Trade and business:
||You own a manufacturing, construction, wholesale, service, or retail business.
||You are a doctor, lawyer, accountant, or architect and you have your own business practice.
You are one of the following:
- commission agent (for example, you are in the financial services, insurance, or property industry)
- freelancer (for example, you get fees for providing services as a deejay, singer, dancer, designer, fitness instructor, consultantetc.)
- owner of a hawker business or a food stall
- owner of a home-based business
- tuition teacher
Yes, you are considered a self-employed person if you get paid for doing freelance work from home, and the money that you receive is considered your income from a trade.