[jyl]

Looking for tips and education. I'll be consulting a CPA about this but just want to get some thinking first.

Setting up a professional (financial) services company. It will essentially be one person (me) providing the core service, using a bunch of outsourced support services. In the future may have one or two employees, like an assistant type.

Was told the thing to do is to set it up as a LLC with a S Corp. Pay myself a low salary and take the rest as distribution. Supposedly this minimizes self employment taxes or something.

As you can tell I have no idea so throwing it open for ideas.