Good evening, @bigjohn56.
Welcome to the Community. Thanks for joining in on this thread.
To be sure this is the best route for your business, I suggest consulting with your accountant about this subject/situation. They'll be able to give you the best accounting advice to ensure everything is accurate.
If you don't have one, check out this link to find one near you.
Don't hesitate to reach back out if you have any other questions or concerns. Have a wonderful day!
