I just read this in a magazine (SFO), it said you can set up a profit sharing plan in your LLC and contribute 40k a year or 25% of your income, whichever is less and write it off as an expense. And if your married, you can make your wife a partner and contribute 40k a year or 25% of your income to her as well. That's 80k a year in tax savings! Is anybody doing this? Then on top of that you can set up a 401k plan for yourself and contribute up to 13k a year in this plan. You can also deduct all your long term health care costs up to 10k a year as well. But something I am kind of confused about, for those of you that have the Feb issue of SFO on page 52, it has this guy that set up an LLC and directs 200k a year into a defined direct benefit plan tax free. How is this possible? Would love to hear everyone's ideas and thoughts concerning these tax benefits.