Best States to Start a Business
In addition to my last article, Best Countries to Start a Business, here’s a list of the best states for startups which is also from Fortune Small Business. You can read the full article here, but I have provided summaries for the top 5 below:
1. South Dakota
No tax on personal income, capital gains or corporate income. Little crime and low energy costs.
2. Nevada
No tax on personal income, capital gains or corporate income and low property taxes. However, consumption and gas taxes are one of the highest in the nation.
3. Wyoming
No tax on personal income, capital gains, corporate income or capital gains. Cheap electric utility costs and gas taxes, but high in property and consumption-based taxes.
