Corp-to-Corp Relationships through Chase Technology Consultants
In addition to offering our W-2 contracting service, those who meet specific requirements and wish to work on a contract assignment through CTC as a separate corporate entity may do so. In deciding whether or not this option will work for you please refer to the following requirements:
Required documents necessary to work with CTC through a Corp-to-Corp Relationship:
- Articles of Incorporation– Every new corporate entity is provided with an original copy of the business Articles of Incorporation. CTC requires a copy of the summary page that includes the Company Tax ID #.
- General Liability Insurance Policy– The policy must have a minimum coverage amount of $1,000,000 per occurrence. CTC will need to be provided with the Policy Summary page that shows the limits of liability values.
- Professional Liability Insurance Policy– The policy must have a minimum coverage amount of $1,000,000 per occurrence. CTC will need to be written into the policy page as an additional insured and that specific page will need to be submitted.
- Worker’s Compensation Insurance Policy– All corp entities must have a worker’s compensation policy plan in place regardless of the company size. CTC will need a copy that shows the policy effective dates and summary.
- A signed copy of our Subcontractor Services Agreement– All corp entities will be provided with a Subcontractor Services Agreement which must be reviewed, signed and returned to CTC at least 3 days prior to an assignment start date.
Time Sheet Management and Invoice Payments:
Every week an authorized representative from the corp entity will fill out a CTC administered time sheet with the appropriate hours worked for the specified pay period. The time sheet must be signed by the CTC client authorized agent which qualifies the hours posted for the particular pay period, and binds the CTC client into payment for those hours.
Once the time sheet has been signed, it is the responsibility of the corp entity to generate a professional invoice based upon the agreed hourly rate that can be found and referenced in the Subcontractor Services Agreement. The invoice along with the signed time sheet will then need to be faxed to our corporate office for processing and filing.
When does CTC pay the Corp entity invoices?
All invoices and time sheets received from the corp entity are to be paid the same day that CTC successfully collects payment from its client. Typically, CTC has contract terms net 15 or net 30 days with contract clients.
For additional information about Corp-to-Corp arrangements or for any other staffing or general business questions, please contact:
Chase Technology Consultants Managment:
Jared Franklin – President
Phone: (617) 227-5000 ext.11
Fax: (617) 227-5012