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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.

Top personal income tax rate: 0%
Top corporate income tax rate: 0%
Property tax: 4.69%
Electric Utilities Costs †: 0.56
Minimum wage: $5.85
† Index of state's average revenue/kilowatt hour.
3. Wyoming
Energy is cheap in Wyoming. Electric utility costs and gas taxes are among the lowest in the country. Although property and consumption-based taxes are fairly high, Wyoming business owners pay no personal income, capital gains, corporate income or corporate capital gains tax. "The state has a great support system for business," says Kerrigan. "Wyoming offers a great quality of life and a good workforce -- and there's lots of space."
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)