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if you formed an LLC are you still subject to self-employment tax so as an LLC youamp;#39;re still subject to self-employment tax and believe weamp;#39;ve covered this last time Steve mentioned that you you canamp;#39;t be an LLC as an agent in California so you can be an S corporation but not an agent and basically the way you do is you just have your broker of record sign off as the broker of record for the S corporation so but just LLC versus S corporation in general like if youamp;#39;ve got a spouse whoamp;#39;s a business owner the LLC is subject to self-employment tax still whereas the S corporation is not and in California they based the state thereamp;#39;s a small state tax that you pay your federal income tax flows in state income tax flows through to your personal return but then the LLC has a gross receipts tax so itamp;#39;s based on what your gross receipts are where the S corporation has a small tax thatamp;#39;s based on one and a half percent of your net incom