People often ask about the benefits of LLC formation in certain states. Besides Nevada, among the most requested are (in no particular order) Delaware, Wyoming, New Mexico and South Dakota. There are certain benefits that make each of the states appealing depending upon the audience. Only under rare circumstances, however, will those benefits outweigh the cost reduction, convenience and potential tax benefits of incorporating in your home state. [ 740 more words ]
While one could question President Roosevelt's grammar a tad, I certainly don't question the message. It's a rule hopeful startup founders must follow absolutely: put in maximum effort or fail absolutely in the attempt.