What Is C2c And W2 And Types Of Positions In Usa W2 Vs C2c

C2C POSITION:

Corp-2-Corp is a contract in which one corporation hires another corporation and pay the salaries for the work of another corporation.

To work under C2C position employee must have a business S-corp or an LLC. You might need to go through few paper-works but, in this position, you will be given every single benefit one full-time employee gets. Here you can even hire someone to work under. You will get all necessary help & support by the govt. including ban loans and tax concession for a start-up business. Here you don’t have to pay taxes from your pockets as these things will be handled by your employer.

Let’s consider a few points of pros & cons to understand it better:

PROS FOR C2C POSITION

You will get time to boost your business.

You will get rid of all paper-works regarding taxes.

You will get a chance to hire people to work for you

You will be kinda self-employed but no need to pay self-employment tax.

You will be benefited by the govt. and even by your employer.

CONS FOR C2C POSITION

You will not get paychecks on weeakly bases.

You will not get payment cleared till a month and sometimes even twice.

You will be needed money for starting your business and a bit long & tired paper-work process for start-ups.

You will not have any job security or permanent contract.