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With an LLC, the bottom-line profit of the business is not considered to be earned income to the members, and therefore is not subject to self-employment tax. But keep in mind that the managing member's share of the bottom-line profit of the LLC is considered earned income, and therefore is subject to self-employment tax. have you ever think about llc?

I know info about how to start an llc in iowa for register my business like legal. According to the IRS, membership is unrestrictive. Members of an LLC may include individuals, corporations, other LLCs, and foreign entities.LLCs may have one to, theoretically, infinite number of members. It help me to pay taxes too.

With this option, the IRS treats your LLC like a standard partnership. Rather, income and expenses pass through the company to the owners, who pay taxes on their share of profits or deduct their share of losses on their individual returns.