10 Best states for starting a business

Attention libertarians! Find out where the cold, dead hand of the state weighs lightest. Rankings provided by the Small Business & Entrepreneurship Council.

Taxes
Top personal income tax rate: 0%
Top corporate income tax rate: 0%
Property tax: 2.69%
Energy
Electric Utilities Costs †: 1.06
Labor
Minimum wage: $6.33
† Index of state's average revenue/kilowatt hour.
2. Nevada
There's no income, capital gains, corporate income or corporate capital gains tax in Nevada, which also boasts some of the lowest property taxes in the country. However, consumption and gas taxes are among the highest in the nation. "Economic development officials are very aggressively working to encourage businesses to relocate to Nevada," says Kerrigan. But as a high growth state, she adds, Nevada may face problems accommodating its growing population, especially given the increasing scarcity of water and other resources.
South Dakota Nevada Wyoming Washington Florida Michigan Texas South Carolina Virginia Alabama
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In exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council, we looked for places low on taxes and light on government regulations. These places aren't. (more)
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.