Difference between W2/ 1099/ C2C.

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Accepted Answer

W2, 1099, and C2C are different types of employment classifications in the US.

W2 is for employees who work for a company and receive a regular salary, benefits, and taxes are withheld by the employer.
1099 is for independent contractors who work on a project basis and are responsible for paying their own taxes.
C2C is for companies that contract with other companies for specific projects and pay a flat rate for services rendered.
W2 and C2C are employer-employee relationships, while 1099 is a business-to-business relationship.
W2 and C2C offer more stability and benefits, while 1099 offers more flexibility and control over work.
The choice of classification depends on the nature of the work and the preferences of the employer and employee/contractor.

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