Best States for Starting a Business in 2024
According to a 2022 study by the Tax Foundation, the most attractive states for business are Wyoming, South Dakota, Florida, Nevada, Alaska, Montana, New Hampshire, Indiana, Utah, and Texas. These states have lower corporate taxes, no personal income tax, lower property taxes, and other advantages.
Best State for Small Business: Texas
The Lone Star State is the best state for launching a business with its business-friendly environment and remarkable economic expansion, attracting a high number of new entrepreneurs.
Insight into the Top Business-Friendly States
The best states for launching a company are determined by various federal and state reports, independent research, and insights from business owners nationwide.
Best State for Incorporation: Delaware
Delaware is recognized as the best state for larger businesses due to tax benefits and protections offered.
Top Criteria for Launching a Small Business
WalletHub analyzed all 50 states based on startup success indicators like business environment, resources accessibility, and business costs.
North Dakota Tops as the Best State for Starting a Business in 2024
In 2024, North Dakota remains the top state for starting a business with a welcoming business environment and low formation fees.
Considerations for Establishing an LLC
Factors like taxes, regulations, and workforce availability should be considered when deciding the best state to incorporate an LLC for an online business in 2024.
Reasons to Start a Business in the U.S.
The U.S. offers a conducive entrepreneurial culture, diverse markets, and opportunities for innovation and success for businesses and startups.
Top 10 Business-Friendly States Voted by CEOs
Texas and Oklahoma are highlighted as two of the best states to start a business in 2024, based on CEO surveys and business survival rates.