Many people jump into entrepreneurship with a goal to 'work for themselves' and make money. However, many people dont fully understand what entrepreneurship is. This presentation explores 'Gigs' and 'Business ownership' through entrepreneurship and we will take a deeper look at both to compare and contrast the two. There are four (4) main structures when it comes to setting up your business so it is important to know the difference and which structures suites your business best. We look a ways to report your business income and how your business is taxed based on its structure.