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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
Read full story here. (more)
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)