I'm setting up a new brokerage referral business with a partner.  Nothing has been setup yet-  It will be pretty much passive income (we are RE Brokers and will be getting referral fees from internet generated leads. 

Is there a setup to avoid paying self employment tax/  SS/Medicare, ect.? 

Was thinking of setting up and LLC or partnership and only taking dividends yearly as profit... Would that work? or would dividends just get added to our personal net income?

Any suggestions? or out of the box ideas are welcome.

(Any 100% self-serving  replies like "Hire me as your accountant and I'll tell you" that don't contribute anything to this Forum Are NOT welcome)