Background: Currenlty I am trading Foreing Exchange via an LLC taxed as a partnership that only has portfolio income that is being taxed via the 60/40 split. I have 5 members of the LLC, myself, my wife, my two children, and my sister. With me as the major owner. What I would like to do: I was thinking about forming a C Corp, and having some of the income pass to it from the LLC. The C Corp would be the managing member. Then I was wanting the C Corp to provide member of my family with fringe benifites. Does anybody know how to do this? Is there any great book that tell you how?