I would definitely advise you to take these peoples advice and talk with an accountant. It's much better to get your business advice from someone who deals with the legal aspect in your state such as a CPA or tax attorney, not a forum on the internet. Not that people on here are not a wealth of knowledge, believe me they are, it's just that every state has different regulations, and not everyone knows what you need.
Bob-Cat & Exmark
Just building piece by piece