TN also levees a franchise and excise tax on LLCs, but does offer some exemptions, which need to be filed annually. 

It really depends on what you want to achieve and what your education level is.

At this point in my career and income level, I make a median salary, and am almost debt free - paying off the last of a $5k car loan in the next few months, while my monthly expenses, sans the debt, are literally under $800 each month.

I guess it may come down to my comfort level.  I

It was a tough decision to discontinue my dream of being a professional athlete but after 4 years of competing on the D1 level, I was ready to channel my passion into providing for my future family. 

Washington state has stopped paying unemployment to many people because the fraud level is so high that they are paying out an unknown amount on fake claims.

I forget which CEO is was during an interview on Bloomberg TV said, during this era of layoffs, we know many increases in production are simply employees fearing losing their jobs while their coworkers are being laid off, so they are performing far above normal productivity level. I

I can't comment on the wife part as I don't have any experience in that, but I have tried to do this with family/friends and seems to work better depending on their interest level. I

For example: what a ranch or split level is etc...learning more about materials and the nuances of home building (besides experience of course). 

This also depends on your experience level, I would not suggest making a decision that quick unless you are pretty well versed on the perils of what could go wrong if something comes to light later.