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What is the payment timeline for freelancers in New York?

What is the payment timeline for freelancers in New York?

Q: Is freelancing a business?

Freelancing is indeed a type of business. Freelancers offer their skills and services to clients on a contractual basis. While freelancers may not have a formal business structure like an LLC, they are still engaged in commercial activities and can be considered small business owners.

Q: Are freelancers considered business owners?

Freelancers are generally considered business owners because they operate independently and provide services to clients. They manage their own work, set their own rates, and are responsible for their business expenses, similar to traditional business owners.

Q: Do I need an LLC for freelance work?

You do not need to form an LLC to freelance, but doing so can provide legal protections and benefits. An LLC can help separate your personal and business liabilities, and may offer tax advantages. However, many freelancers operate as sole proprietors without an LLC.

Full question:

I am the president of my own company. I also work independently as a freelancer for a couple of companies. My question is: How long does a company have before they are obligated to pay a freelancer legally in NY.

Category: Employment
Date: 04/07/2025
State: New York

Answer:

The payment timeline for freelancers in New York depends on the specific agreement made between the freelancer and the company. There is no universal law that dictates a strict timeline for payment, so it is crucial to refer to the terms outlined in your contract or agreement with the company.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Does freelancing count as owning a business?

Yes, freelancing can be considered a form of owning a business. Freelancers operate independently and provide services to clients, similar to a business owner. However, the specific legal classification may depend on factors such as how you structure your work and whether you register as a business entity.