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I have a full time job with salary of about $75K plus benefits (medical, 401K, etc). I also work after hours at home doing custom software development and earn an additional $48-50K per year with that.
From what I've read it looks like an LLC as an S-Corp could help me out but I'm having trouble with my salary. Since I work 20 -25 hours per week at it can I set a lower salary than industry average because I do work part time?
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Working part-time will give you more time for other things. You could go home after work and enjoy more time in TV, have fun in other extra-curricular activities or you could go back to school for graduate studies, but when we talking about money that if you work full time then you earn better.
I think a standard LLC would be just fine. Not sure you need to go the route of a S-corp at the moment.
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