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: 5.5%
Property tax: 3.37%
Energy
Electric Utilities Costs †: 1.08
Labor
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)
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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.