I have registered an LLC company with State of Maryland.
2007-02-06 02:08:01 · 3 answers · asked by Richard 1 in Business & Finance ➔ Corporations
I would take the 1099 and pay your own quarterly taxes. You will have more control of the money that way.
2007-02-06 02:16:25 · answer #1 · answered by Christmas Light Guy 7 · 1⤊ 0⤋
This is usually not an either or question. Your state has a definition of what an employee is and if you are an employee, under that definition, then they are required to give you a W2 and pay payroll taxes. Some employers try and cheat the system by hiring "contract employees" so they don't have to pay payroll taxes or provide employee benefits such as health insurance or worker's comp coverage if you get hurt. You also have virtually no protection from firing or unemployment benefits if they let you go. Being a contractor also means they don't withhold taxes, but you will be responsible for paying quarterly taxes, which many people don't have the discipline to do.
2016-05-23 23:24:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
When you are paid via 1099 you have to match your own social security and medicare tax and don't have any other benefits the company offers. So, if you do take a 1099 offer, make sure it is quite a bit higher pay then the w-2 offer.
2007-02-06 19:00:54 · answer #3 · answered by shellkay13 2 · 0⤊ 0⤋