Ten steps to raising $1 million dollars for your film

I’ve recently uncovered a really cool forum at FilmmakerIQ.  One of the posters there has an excellent forum post about how to raise money for a film.  You can check out the original post here.

I agree with nearly everything on the list with one exception.  Setting up your LLC in Nevada has some benefits, but it may not be worth it.  You have to have someone in Nevada you acts as an agent on your behalf whereas if you incorporate in your own state you can be your companies agent.  Also, you may miss out on some incentives that different states offer.  For example, where I live in Louisiana you can recieve a 25% tax credit on all spending over $300,000.    You can then actually sell that credit for cash.  But you can only get that credit if you are a Louisiana based corporation.