You may want to seek legal advise from a tax pro or business pro on this.
I see one issue that "could" be major when it comes to taxes.
Any of the payments I receive will be claimed as ordinary income,
If you form a partnership or multi-member LLC, then all income received by all partner members is passive income. With this type of set up, a member can not be a W-2 employee of said partnership or multi-member LLC.
However, if you form an S-Corp, or file with the IRS an election to treat your partnership/multi-member LLC "like an S-Corp", then you "can" be a W-2 employee that earns what you call "ordinary income" that would be reported to you on a W-2. But this can be fraught will all kinds of issues; especially if your state taxes personal income.
As a partnership or Multi-Member LLC, the business would have to file a physically separate tax return using IRS Form 1065 and each member partner would be issued a 1065/K-1 for their personal 1040 tax returns.
As an S-Corp, the business would be required to file a physically separate tax return using IRS Form 1120-S. Again, each member would be issued an 1120-S/K-1 to report their income/losses on their personal 1040 tax returns. The S-Corp would also issue a W-2 to members who are also W-2 employees.
For those not versed in the laws that govern S-Corp operations, this can be overwhelming. For example, you have to deal with periodic tax withholding to the IRS as well as the state if your state taxes personal income. Then there's the UC fund payment your state may or may not require (Unemployment Compensation fund) along with other things.
I highly suggest and recommend you seek professional help from a local tax pro or business finance pro in your local area. Trying to do it yourself can "and will" be costly, as the IRS does not have much tolerance for mistakes and the penalties and fines for doing things wrong can be high.
