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: 5.5%
Property tax: 3.37%
Electric Utilities Costs †: 1.08
Minimum wage: $6.67
† Index of state's average revenue/kilowatt hour.
5. Florida
"Florida has a lot going for it," Kerrigan says. "Its big edge comes from having no personal, capital gain or death taxes." In recent years Florida's growing consumer base has drawn hordes of startups and other small firms. "From a policy perspective the state has dealt with its growth very well," Kerrigan adds. Florida has seen one of the largest percentage increase in government spending of any state over the past five years. Yet unemployment taxes remain among the lowest in the country, and there are no personal income or capital gains taxes.
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)