S-Corp and it's owner are different entities?

[Richard Z.]

I need a business structure to reduce the SE tax and S-Corp income tax.

Can I invest capital in a development LLC as PASSIVE partner together with all other passive partners, then have my LLC S-corp as manager - I'm the manager of the LLC S-Corp. Will I still be considered as passive partner in this case?

The management fee will flow through to the S-Corp. In the S-Corp, I pay myself salary, SE and some dividend. All my passive income in development LLC will be avoiding SE tax and S-corp income tax(1.5% in CA). I don't want my S-Corp to hold the units as the 1.5% income tax on net income of S-Corp.

Does this make sense, any comments/suggestions?