I've been where you are and all I can say is I'm really glad I had a good accountant. He talked me through my options, helped me set things up, and didn't charge anything for it since I use him for my taxes (they get really messy with the multiple states I do business in now) and a few other things.
Ok, so not that helpful, but if you have an adviser you trust, I'd probably talk with them. Things can differ state to state a bit and certainly case by case.