Corp-to-Corp is similar to a 1099 in that you will receive a higher hourly rate.  However, in this case, you must have a registered corporation with a Tax ID number.  Your paycheck will be paid to your corporation, not you as an individual, so you will need to have a checking account under that corporation name.

Corp-to-Corp Pros:

• No self-employment tax.
• Using small business retirement plans, you can defer tax on a larger percentage of income.
• Double taxation of earnings is avoided as compared to regular corporations.

Corp-to-Corp Cons:

• Most complicated option. Much more bookkeeping and tax reporting required.
• More difficult to organize and dissolve.
• Some states have a minimum tax you will have pay regardless of profitability.
• You must receive at least some salary from the corporation, which means the corporation is subject to payroll taxes and filing.
• S-Corp shareholders pay tax on undistributed profits.
• If you don't make the S-Corp election, you can get stuck with the 35% Personal Services Corporation (PSC) flat tax.