... well advantages are, no one tells you what to you are in total control and you can decide when to work and when not too there are tax advantages too if you compare it to the same job being employed ... all, if you are the person in charge, then everything will be done your way, the first time around, without argument, right? Actually, there are also a number of disadvantages to being your own ... taxes, and then a year-end statement as well Uncle Sam will also want you to pay your full share of FICA and Medicare, which up to then was half the responsibility of the employer Unless you are willing...