What’s the Best State to Own a Business?

by

Best States to Start a Small Business in 2023

  • Indiana ranks as the best state for new businesses with favorable conditions.
  • Utah comes in second with a fast-growing working population and well-developed economy.
  • Georgia offers ample venture capital, low business taxes, and high entrepreneurship rates.

Business-Friendly States Rankings

  • Wyoming, Alaska, Nevada, Texas, Delaware, Utah, Illinois, Missouri, Virginia, and Florida are among the most business-friendly states.
  • Consider incorporating in the state you reside in if you have fewer than five shareholders.

Starting a Business in Oklahoma

  • Oklahoma boasts the third-highest business survival rate in the US, with low business costs.

Factors to Consider for Starting a Small Business

  • Six key factors are crucial for small business success, each scored on a scale from 1-10.

Best States for Business Infrastructure and Innovation in 2024

  • A closer look at the top 10 states providing the best environment for businesses to thrive.

America’s Best States for Business

  • A study from CNBC ranks the best states for business based on an analysis of 88 factors across 10 categories.

Starting Business in Texas

  • Texas tops as the best state to start a business, offering a healthy business economy with no income or corporate taxes.

Registering a Business in Texas

  1. Register your chosen business name
  2. Prepare bylaws
  3. Choose a business structure
  4. Obtain licenses and permits
  5. Appoint a registered agent
  6. Fund your business

Leave a Comment