Want to form an LLC to avoid some SE taxes I'm a Ohio native who will be working for 60 days in California as an independent contractor. Basically, I will be running newspaper subscription crews at grocery stores. I will make about $60,000 in 60 days and I will have about $5000 in expenses. Last year I made about the same amount of money and I had to pay alot in self employment taxes. My question is would it be a benefit to me to form an LLC to save on SE taxes? Once again, I will clear about 55k. I also understand the basics that you have to pay yourself a fair salary. I would like to pay myself about $20,000 and then take the remaining $35,000 as dividends. |