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
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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)