No, it won't help. At the end of the day, the full amount of tax has to be paid. When someone works for *another* person, they have the advantage of the employer paying half this tax--the employer portion--while the employee pays only the employee portion. Self-employed, you pay the full tax. If you form and work for your own LLC, however, it's all your money: even if the LLC "technically" pays the employer portion, at the end of the day, it's paying with your money, since you and your work at the source of the funds in the LLC. Having your own LLC doesn't let you get part of the tax covered by someone else--you end up covering it all, whether it's coming out of your bank account labeled LLC or the account with your own name on it.