Corp to Corp is an alternative technique in which one firm pays your employer on your behalf rather than directly under the contract you are working now. As a result, your employer is now solely responsible for paying you as agreed upon.
Because only two corporations can enter into this kind of deal, it is commonly known as ” Corp to Corp jobs.”
In the framework of this business transaction, the service provider will render services for the agreed-upon fee and for the timeframe laid out in the contract. The phrase “Corp 2 Corp” is frequently used by incorporated contractors who work for businesses to describe their business partnership.
So, why do Corp to Corp with NWS Soft? The main causes are as follows:
- Lower the employment tax rate
- Reduce employment hazards (a C2C relationship makes it more difficult to sue).
- It lessens the possibility that the employer may be subject to an audit for improper personnel classification.