Thank you for your follow up. The only prudent way to determine the best route for you to take is to consult with your local business law / tax attorney or an experienced CPA and during this consultation, your local Expert can review your entire personal and business financial situation, your past income and tax returns and also examine the objective and priorities that you have related to creation of the business entity for your business and then this local Expert can provide you with a specific advise, as legal Experts, such as myself of JustAnswer.com can only provide customers with general legal answers, based on the current principles of law, but not with any type of specific legal or tax advice, which can only be obtained during an in-person consultation and upon a full review of your situation by your local legal / tax Expert. I wish you and your family the best of luck and Happy and Healthy Holiday Season!
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