[badri]

Do a quick search on Google and you'll find thousands of pages with people trying to figure out how to answer this question: I have a new consulting gig, should I go W-2, 1099, Corp-to-Corp? This seems to be the $64,000 question for consultants and independent contractors. So what is the answer? I've laid out the answer in three ways:

A really short answer
A short answer

[Fr_Chuck]

To form a corporation and be in contract for services ?
Do you plan on this growing to the point you will be hiring people to do work? Is there a risk where you are concerned about being sued and want to protect property or money you have personally?

1099 will you be able to set your own hours, days of work and the such? Do you want to purchase your own insurance? Will you have a large amount of deductions for your taxes. Will they be paying a much higher fee per hour or job as a 1099 to cover your additional costs of taxes and risks of not being an employee.

W2, you are covered by their group medical insurance and /or other benefits. You are covered under workers comp and unemployment insurance. IF you are applying for a loan, you are employed not self employed