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talk to a tax professional. each has their pro's and con's and a tax pro can go over your current and future tax situation - both personal and business - to give you the best advice.
I agree with @Anonymous - speak with a tax professional and/or an attorney experienced in business entities (e.g., corporations, partnerships).
You are most likely going to need professional assistance (or guidance at least) with respect to filing the requisite articles, et al., with the state, regardless. You absolutely must start off in the right direction here.
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