So I'm currently in the process of setting up a very ambitious JV with another member on here. If we did half of what I think we can do it'd still be amazing volume. We're talking about alot of money (it's going to be very tempting to really scale up entirely). Until recently my best day at all was $120. That's changed and I'm now consistently way above that with only a very small scale. For that reason alone I was planning on setting up an LLC with S type taxation. Now my JV partner is located in the same state (FL). So I was thinking of doing the LLC with it's own tax id and wiring him the money weekly (or to his business) as a business expense (split is 50 50). Now I'm wondering if this is the best way to transfer him the money so that we could both avoid taxation or if there's a better way. Without the LLC I'll be paying taxes on all of it so that's obviously just stupid. Would it be smarter to have it as a salary (but then there's unemployment taxes) or pay him dividends (but he's not an investor and doesn't own a share in the LLC) or just stick to it as a business expense and suggest that he set up his own LLC to avoid taxes on his end.