Working on 1099 on GC EAD

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My current status is H1B with GC EAD approved, and I am getting laid off from my current company .
I have got the contract to hire an opportunity, but the company can work only on 1099 (Not on W2)
So my question is , if I can join the company on contract (on GC EAD ) and work on 1099 or it must be W2  ?.

Also, till i find the FullTime employment (on W2) can i continue on 1099 for short period of time (lets say 2 months or )

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