ENTREPRENEURSHIP

Detailed explanation-1: -Explanation: People who work for someone else are called Employees.

Detailed explanation-2: -employee. noun. someone who is paid regularly to work for a person or an organization.

Detailed explanation-3: -Sole proprietors are the only owners of unincorporated businesses, while partnerships involve two or more self-employed people who form a business together. Independent contractors, sole proprietors, and partnerships often hire a small number of employees to help them with their work.

Detailed explanation-4: -It all depends upon the agreement you have with the employer. A side business can be run by you as you work in a private company. But the contract agreement between you and your employer is relevant. You shouldn’t start a business which is similar to the one in which you are employed.

Detailed explanation-5: -What are employees? Employees are individuals who are hired by a person or business to perform work for the person or business, also referred to as the employer. The IRS states that individuals are considered employees if the employer can control the work performed.