<prompt> Human: Pay will be 5000month, plus expenses travel and cellphone for combined total of about 550. I live and will be working in NYC. I will also be hiring and managing a team of about 15 people to work under me that they will be paying. Does it matter which form I choose? Will one have an impact over the other when it comes to taxes or take home pay? I have been unemployed for 11 months now, after losing my salaried job of 60K a year last October if that makes any difference.  <response>: All things equal, being an employee means the company bears more of the tax burden, which is better for you obviously 