H 17 Service Provision For Clients With The Vocational Goal Of Self- Employment Essay

| A sole proprietorship is easy to create; there is minimal creation cost and time.The single owner has autonomy in decision making; sole owner makes all decisions related to the business and has complete ownership of business’s finances.

Data from the National Survey of America's Families found that seven percent of the TANF leavers it sampled in 1997 were self-employed. This is similar to the national rate of self-employment, which was 8.1 percent in 1997. It is also higher than the self-employment rate among women, which was 6.6 percent in 1997. In rural areas, self-employment is an even more important source of employment—in 2002, 10.4 percent of workers in nonmetropolitan counties were self-employed, compared to 7.2 percent nationwide. And, in some rural areas, the role of self-employment is even more pronounced. For example, a recent study by the Center for Rural Affairs found that nonfarm proprietors constituted 22 percent of employment in rural farm counties throughout the Great Plains states”( 1).

Self-employed people will run their own business, they will be contracted to provide a service their clients. They will not be paid through PAYE and they do not have the same employment rights as employees or workers, Self-employed people will however still have protection for their health and safety on a client’s premises, they will have their rights and responsibilities set out in the terms of the contract with the client. They will not be entitled to holiday pay. They may however in some cases be classed as self-employed for tax purposes but classed as an employee or worker for employment rights. See point 2 Appendix

·         What constitutes self-employment income? What are the requirements for estimated tax payments by self-employed individuals? Individuals who work for themselves and make money to do so constitute as self-employment income. Independent contractors and sole proprietors are considered self-employed. They receive all payment without withholding any Social Security tax, Medicare tax, state tax, and etc. They do however have self-employment tax, which is taken out when the individual file Schedule C or C-EZ on their tax return. They would also need to file a Schedule SE. As of 2011, self-employment tax is 13.3% of the individual’s net earnings. Of

Sole proprietorship is a type of business owned, managed, and operated by a single individual. Company profits are treated just like the owner’s income, and any money owed by the company incurs are considered to be the owner’s personal debts. One advantage of a sole proprietorship is that compared to the other forms of ownership, there are minimal cost and paper work involved with forming it (Kelly & Williams 2017). It’s an advantage for entrepreneurs who are ready to start a business. The owner has complete control of the business and can operate it how he or she chooses. Another advantage of a sole proprietorship is the owner has a feeling of pride ant personal satisfaction. There are not many legal requirements for a sole proprietorship company to operate. Low monitoring charges among the investors gives the company the ability to make on the spot decisions (Baik, Lee &Lee 2015). Another reason the sole proprietorship company has an advantage is that there is a low chance of being threating by competitors.

Working by your own entails to make decision about your company every single day. For the most part everything relies on the business owner even if you have employees. An entrepreneur needs to ask and learn about their company as much as possible and frequently. Under the name of the owner or president, you are responsible to keep bringing work for your workers, payroll, materials, labor, clients keep up to date the accountant books, and with the state and federal treasury and the list goes on and on.

The Division of Vocational Rehabilitation (DVR) is a resource throughout all of Washington State that provides this kind of support. The purpose of DVR is to achieve a greater quality of life by obtaining and maintaining employment. A DVR counselor can help you explore types of jobs that best match your interests and strengths. Regardless of whether you are able to return to the same job held prior to brain injury, discovering how to use your talents and skills will make life more rewarding. A DVR counselor offers ongoing counseling, guidance, and support as you dive back into the employment

Self-employment represents one of the most important job opportunities for women especially for women in developing economies. It is also observed that in all countries women still represent a minority of those that start new firms, are self-employed, or are small business owner-managers.

Adult Career and Continuing Education Services-Vocational Rehabilitation (ACCES-VR) is a government agency that provides employment and education services to individuals living with a physical or mental disability and whose goal is to attain meaningful employment within their communities. This agency employs vocational rehabilitation services through the work of Vocational Rehabilitation Counselors (VRC). The agency requires no payment from those who seek services. ACCESS-VR offers a wide range of services, such as assessments to determine eligibility, evaluations and assessments to assist consumers in their goal of employment, no-cost rehabilitation technology, coordination and reimbursement of transportation, work readiness services, payment

Sole Proprietorship is when you are your own boss. You determine the rules and how many hours you work each day. You are responsibility for what your company does or fail to do. You are in control of the assets and liabilities of your company. In order to become a sole proprietorship, you must file legal/government paperwork, registered with the IRS and obtain a license or certificate for proof. The steps are easy, you just have to take time to fill out the paperwork, pay a fee and get licensed. Many people are already sole proprietorship, but do not know they are. If

Sole Proprietorship: A business which involves an individual carrying on business alone, the business is the sole responsibility of one person, the owner. An advantage of running a business as a sole proprietor is that the owner has complete control and decision making power over the business. A disadvantage however is that the sole proprietor is held personally liable

Sole proprietorships are businesses that are owned by a single person. A sole proprietorship is the easiest to form and the most

A business plan is the core of your business and a must have. It is the roadmap that brings your business idea into a reality. A business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. It guides your business from the start- up stage to developing, growing and managing your business. It can also be used to get funding.

A business plan is a road map for a team or business and it can be used, as an eternal tool for potential customers and partners. The business plan should describe in details the entire business venture, technology behind it, the size of the target market, customers, competition, business model, team, financial needs and exit strategy. The business plan gives a company insight and allows them to think things through early enough in the process to ensure they have a well defined venture goals and objectives. It also gives the business direction to a clear path for the team to follow and implement on their venture.

Business plan is the detailed information that used for panning the business. It's vary in the structure depend on the business owner desire. It may be a small plan contains some words or it could be a big one with a title page, methods, procedures and calculations. The perfect business plans – as per the Entrepreneur Magazine- are ranging between 15 and 20 Pages.