another reason . as self-employed you pay the SE tax only on 92.35% of the net income.
an option is to elect to be tax as an S-Corp. see a professional for advice about doing this. it's more complicated and you may not save enough to make it worthwhile. the advantage which may be outweighed by other factors is that you only have to take a reasonable salary and would only pay medicare and fica taxes on it. any remaining income would be taxed to you but no fica or medicare taxes.
