Multiple users on 1 machine

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Is it possible to have both a local, and a remote profile on 1 machine (Win 7 Pro laptop)?

Reason I ask is I need to connect my laptop to our new server at work (SBS2011), obviously I have a local user profile on the laptop that I would like to keep. In addition to this I want a second remote profile for when attached to the work domain network.

Is this possible, if so how & what problems am i likely to encounter?

 

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How do i go about creating the profile for the work domain, surely when i create a new user it would be local?

 

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How do i join the domain without a local account, or do i create the account on the server first?