structure business for inside &outside liability &for tax benefit

[Kalen Mills]

I went to a REI seminar recently and heard some new info on how to set up LLC, S-CORP & TRUSTS. The guru was saying to have your llc under an s-Corp for multiple reasons.

1. It provides layers of liability protection.

2. It allows you to pay less taxes as a W-2 employee for your company.

He also said both of these entities can be in a trust????

It seemed to make some sense to me as he explained it, but I am now wanting to set up an llc, and if he was right I will have a small window of opportunity to put llc under s-Corp.

How do I structure my business to have inside and outside liability protection and also pay as little taxes as I can legally get away with?