Wes, speaking from experience. A friend and I tried this back home. (well attempted to try it).. to be able to use this as a "business" we were only going to get 2 years of non profitability. After those two years were up we had to be able to show a profit (over and above the price of cars and equipment) OR the LLC would no longer function. I'm not saying you wont go rounds and win races and coin... but there is more to it unfortunately when you try to make it a business.
With that said. I think WWR would be your best choice. or WWP, Wes Whittle Performance.
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