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I live in the other US State which still holds Chancery Courts as independents (Tennessee) — an interesting relic of the past.

More to OP's question, I created a similar corporate entity for a similar low to no revenue business venture — and absolutely would not recommend doing so without very specific purpose.

As smart as you might be, the tax/codes/law/system are designed to need/require expert navigation of this intentionally-complex legal system we choose to allow.



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