Many, many more details would be required.
First, get a CPA on your "team". Second, "never let the tax tail wag the business dog". To do things for tax reasons where there is no good business sense is almost always a mistake.
Forming a business entity will allow you to deduct certain expenses and increase your retirement contributions in ways not available to an individual.
Answered on Feb 20th, 2013 at 3:03 PM