I tried some regular job but after being self employed its hard to get corporate lifestyle!

Another reality is the Political situation in California is definitely progressive (politically correct term).

Go all in on the stock market and you have to worry about market drops, recessions/depressions, corporate bankruptcies etc. 

The area is growing with new businesses moving in and big corporations looking to move in the market as well. 

Does it make sense to open a Nevada or Delaware corporation?

Ana,I'm still a rookie, however working with a singular local insurance company on our rental policies vs corporate ones is worth a little extra a year.

So, the same number (and income type) still shows up on your 1040...If you want to make it really complicated, your multi-member LLC, assuming you have a mult-member LLC, can elect to be taxed as a S Corp or C Corp. 

These must be setup through a partnership or corporation (usually you'll create an LLC expressly for this purpose).

This conversation is so prevalent that I feel like there is some big time lobbying money or corporate initiative trying to convince the general public that a credit inquiry is financial suicide. 

steveI did a podcast last week with an advisor who mentioned a loophole in the covid situation whereas if you were affected (again this is step 1), people could take money at of their corporate 401k and put it in a self directed Ira.