@PFloyd you are seeking tax and business advice - not seeking help on completing or filing a tax return. We don't give advice in this public user-to-user forum. The closest you'll see to that is where maybe someone will outline all of the options available to you, based solely on the information you've provided. But the bottom line decision is yours and you alone carry the responsibility for that decision.
You really need to seek the services of a professional - and not just a tax professional either. I would suggest you seek out a professional versed in the business disciplines you're involved in and are looking at becoming involved in. Such professionals need to educate you, more so than just advise you. This will enable you to make a more informed and educated decision on what is the best course of action for "you". It's generally not a good idea to allow others to make that decision for you, or to allow others to influence your decision. You need to get educated on these matters.
