Fewer People Choose To Be Self-Employed (USA TODAY)

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Fewer People Choose To Be Self-Employed (USA TODAY)

By Laura Petrecca

In August, 14.5 million people were self-employed, down 2.1 million from the most recent peak in December 2006, according to Bureau of Labor Statistics data.

The number of "incorporated" self-employed workers — those who incorporate to gain legal protection and other benefits — began its decline in 2008. Last month, 5.1 million people were in this category, down 726,000 from August 2008....

"Constant news about the difficult economy makes people hesitant to venture out on their own," says Kristie Arslan, CEO of the National Association for the Self-Employed. Many have concerns about how health care reform, tax policy and other regulatory issues could affect a new business, she says.

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