>the only real downsides being no 401k matching That's not exactly a downside from a total compensation perspective, so long as you are considered self-employe

>the only real downsides being no 401k matching That's not exactly a downside from a total compensation perspective, so long as you are considered self-employed for setting up a one-participant 401k. You get significantly more control over what portion of your total compensation is taxable vs tax-deferred.