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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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.