follow up 6 years later
 

I joined that startup.. worked there until it was purchased by a Major tech player.. they paid me in Equity. I made a ton.. now have moved to another startup who pay's me in salary 34% of which goes to uncle Sam :confused18:. I wanted to ask if anyone here has setup an S-corp or business to use as a tax shelter. One thats racing, protouring or car building specific would be great to use as an example.

My goal is to bootstrap and small business use it to offset high tax percentages then do it full time within 5 years as a fun thing to do in semi retirement.

Reference http://www.reesnet.com/tax/planning/lvl02700.htm