We currently live in Texas but will be moving to Florida once our business is running. Our business is a recruiting type company. Working online and by phone across the US out of our own home. It will be my wife and I. She is not employed and starting the business. I am currently employed but hope to leave that job once the business is running. We expect it to take 3 months to start generating revenue. My first direction was to go LLC taxed as an S corp. But after attending a couple of SBA classes I am leaning towards just an S Corp. Since my job in this venture will be to manage the business side I can devote myself full time to any of the administrative tasks associated. We anticipate 300-500K in the first year of business with 0 start up costs. My goal is to limit the amount of tax we have to pay while maintaining limited liability. If I understand correctly, Filing as an S corp, we would pay each other a salary out of the earnings including payroll taxes paid quarterly. This would avoid the self employment tax, then distribute the profits at the end of the year and pay a lower tax rate on that depending on the type of distribution. But I keep reading that I will still owe self employment tax no matter what. Is that true?