contract-law
What is the difference between personal contract, business contract and full-time contract?
<p>I'm applying for an open vacancy and the HR is asking me: </p>

<blockquote>
  <p>What type of cooperation are you interested in: personal contract,
  business contract, full-time contract?</p>
</blockquote>

<p>I spent some time searching on internet but it's not easy for me to grasp clearly the difference.</p>

<blockquote>
  <p>What is the difference between personal contract, business contract and full-time contract?</p>
</blockquote>

<p>There is no formal definition, but it most likely refers to whether you intend to be hired as independent contractor, as a corp-2-corp, or as employee in the company's payroll. </p>

<p>Each option has its tax, administrative, and legal implications. Some of these are:</p>

<ul>
<li>whether your compensation will be from payroll vs. invoicing the
company;</li>
<li>an employee might be statutorily entitled to benefits that
outside contractors and companies are not;</li>
<li>servicing them in a capacity of contractor or company might make it
easier for you to take side projects;</li>
<li>under some of these three alternatives the company might be more
flexible when negotiating raises;</li>
<li>you might be hired on a project basis (that is, if you are not in
their payroll);</li>
<li>in case of liabilities or when one of the parties commits a tort or
breaches the contract, the "administrative remedies" could be
different.</li>
</ul>
