Founder LJ Host. Expert in Web Development project execution from concept to launch. Including: domain selection, remote team recruiting and management, project specifications, technology selections, etc.
I have 13 years of experience recruiting and managing expert remote team members from countries all over the world, maximizing efficiency and reducing cost.
I have managed 100s of web projects from concept to launch. I can help with everything from: Domain Name selection and acquisition, Web Hosting technology decisions and backup solutions, Web Technology selection (html5, css3, php, RoR, .NET, Symfony, jQuery, e-commerce software, etc etc), Project Specification, Project Budgets, Team Selection and Recruitment (local, domestic outsource, global outsource), Team Management, Timelines & Milestones, Launch Strategy, Adwords Campaign Management, Internet Marketing SEO / SEM Strategy.
I can help you make your business fully location independent. I can explain the process of leaving the US. The basics of the tax options and benefits. How to train your clients work only online with you. How to setup payment processing for your projects. How to find places to live and social circles abroad. I can teach you how to travel for extended periods while working.
I am not an accountant, but I do have a good understanding of this concept.
It works like this. If you are self employed there is a slef employment tax on all your income of 15%. This essentially goes toward social security and Medicare.
So let's say you make $100k in profit that means it's $15k in self employment tax.
If you instead become and LLC and file as an S-Corp then self employment tax goes away and is replaced with social security and Medicare on "wages" only. The company then pays you a "reasonable wage" of let's say $30k in this case, and then pays the other $70k out to you as "dividends". The $30k is subject to social security and Medicare which comes to a little under 15% with all things considered (~$4500) and the dividends are not.
This creates a rough tax savings of $10,500.
(Talk to your accountant for exact numbers and advice for your situation, this is just the basic concept.)
Here are some more resources on the subject: