Hi all,
I'm searching for contract work right now and a few times the contracting agency has asked me whether I want to W-2 or Corp to Corp. I do have a single-member LLC (WA state) that have used for 1099 work in the past so C2C is an option for me. I'm trying to figure out the pros/cons of each. I'm googling and getting confused on what I'm reading, so if anyone has any real-life experience with this choice, I'd love to hear it.
For the latest proposal, they are offering a choice of $67/hr on W2 (no benefits) vs. $77/hr C2C; 6-month contract. I *think* this is about equal considering the taxes I'll have to pay myself. I understand I have to deal with payroll, which would be a pain, but I think then I could start a Solo 401K, which would be great since the majority of this income was planned for savings anyway.
Any thoughts on this?