Proper thinking is you are always self employed, personal services incorporated.
But, very few people are qualified to be self employed.
18 years self employed here. Sine the scamdemic lock downs I was forced to limit my horizons to weeks when it use to be years. Entire product lines disappeared over night and I went from very comfortable mid 6 figures to 95% losses. Once I adapted to the new reality and stabilized my earnings at about 90% of what I was doing Boden appointed his commie morons to make dictates on a near daily basis and opened the borders to every turd in the world. It has picked up since Trump has been back. But then there are things you can’t expect. The owner of my building died and an awful property manager was put in charge by the family who just cancelled the lease, wanted me to sign a new lease with a five year term at triple the cost with a 5% increase every year. They gave me thirty days to vacate. And I have been packing. So when you’re self employed, prepare to be out of business through no fault of your own and lose everything in 30 days.
The best thing you can do is always keep your skills fresh and never rip off anyone. Protect your name and reputation because it is worth more than anything else. When reaching out to my customers one bought the assets and we will be forming a new partnership in a bigger better shop with a much bigger customer base.