There is more to it than this. As a non-W2 contractor, you could be paid the money directly, you could form an s or c Corp, you could form an LLC, you could form an LLC and elect to be taxed as an s-corp or a c-corp…lots of variables.
See an accountant in your hometown that you trust. They can help you determine what is best for your situation. Which way you go is going to depend on a lot of factors, including how long you’re going to be doing this and how much money you’re going to make.
Good luck