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You can work on W2 or 1099 using your EAD, but make sure don't go out of status. As I understand you have H1 and your wife is principal applicant for the GC. you can start using EAD immediately and file your paper to transfer from H1 to H4. By doing this, you will not be out of status and you can work with multiple employers if you want (mean on multiple W2) you can also work on 1099. The best part is you can do any type of work which is not applicable for principal applicant for the GC.
Gud Luck.
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