How easy is this to do and is it the right, best thing to do. Just looking for advice.
I want to incorporate myself and be considered an S-corp. I've been webcamming as well as content sales for a few years. From my understanding, and I dont know too much about this, this would be beneficial because S-corps don't pay corporate income taxes and all profits pass through to the shareholder's (me) tax return. So from what I understand, I would just assign myself a salary which can be any amount of all profits since i am the sole employee, and any profits in excess of that salary will be distributed as dividends to shareholders (me) as unearned income and the self employment tax doesn't apply to unearned income.
So say i profit 100k in one year and designate my salary to be 50k annually, i can distribute the rest of the 50k to myself as dividends which would be considered unearned income and safe from self employment tax? And then pay taxes only on the 50k thats considered earned income?
I'm just trying to find the least expensive route to go. any advice



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